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Sahara solar containers, a Saudi product to enhance the operation of 5G towers in Saudi Arabia and exports to Africa
The Ministry of Communications and Information Technology signed a memorandum of understanding with Desert Technologies Group, the first Saudi manufacturer and exporter of solar panels in the kingdom, aiming to rely on solar energy to operate 5G network towers throughout Saudi Arabia. Using Sahara containerized solar generators to supply communication towers with solar energy to achieve net-zero carbon emissions and achieve carbon neutrality in their operations, especially with the ministry’s expansion of 5G services.
Greencells further expands development portfolio in Italy: Acquisition of five photovoltaic projects with a total capacity of 233 MWp
Expanding our development portfolio in Italy, one of Europe´s most attractive energy markets, with the acquisition of five
photovoltaic projects totalling 233 MWp.
R.Power Group wins PV auctions in Italy
As a result of the latest auctions organised by GSE (Gestore Servizi Energetici) for investments below and above 1 MWp, the R.Power Group, Poland’s largest developer of PV power plants, secured the rights to sell energy from investment portfolios with a total capacity of 21 MWp. All projects that have won auctions come from the group’s own development. In total, in the recent years, the R.Power Group has won solar auctions for the total installed capacity of almost 700 MWp.
Volvo Cars and Northvolt accelerate shift to electrification with new, 3,000-job battery plant in Gothenburg, Sweden
Volvo Cars and Northvolt have selected Gothenburg, Sweden, to establish a new battery manufacturing plant which will commence operations in 2025, create up to 3,000 jobs and complement the planned R&D centre that both companies announced in December as part of an investment of approximately SEK 30 billion.
Largo Announces Proposed Qualifying Transaction for New Physical Vanadium Holding Company, Largo Physical Vanadium Corp.
Largo Inc. is pleased to announce details surrounding Largo Physical Vanadium Corp., currently a holding company, and a proposed qualifying transaction pursuant to the policies of the TSX Venture Exchange with Column Capital Corp., a capital pool company, the terms of which are set out in a non-binding letter of intent dated February 1, 2022.
Tharisa signs MoU with leading renewable energy firms Total Eren and Chariot for 40 mwp solar photovoltaic project
Total Eren and Chariot will develop, finance, construct, own, operate and maintain a solar photovoltaic
(PV) project for the supply of electricity to the Tharisa Mine
Infrastrutture S.p.A. obtains non-recourse financing of 1,08 billion JPY (around 8,5 million euros) for a 4.4 MW solar power plant in Fukushima Prefecture
The Group, led by Pier Francesco Rimbotti, is amongst the first Italian company to have obtained a non-recourse finance in Japan from one of the most experienced major structured finance providers
Green Genius to invest over €450m in photovoltaic parks in Romania
With over a decade of experience in creating biogas, solar, wind and hydrogen projects, Green Genius is a leading European renewable energy developer, with deals throughout Europe. Green Genius plans to build over 500MW of solar PV capacity in Romania by 2025 to generate green and clean energy. The introduction of 500MW of solar energy into the national energy system will contribute to a reduction in electricity prices in Romania.
The Italian clawback measures against renewables pose serious threats to the energy transition in Italy and Europe
Article 16 of the Italian Law Decree 04/2022 (“DL Sostegni ter”) introduces discriminatory measures between producers of electricity based on generation technology, creates market distortions undermining investor confidence and risks slowing down the energy transition process. Leading Associations representing the electricity sector in Italy and Europe are united in calling on the Italian Government to withdraw Art.16 and to initiate a constructive dialogue to define effective and balanced solutions to tackle high energy prices.
R.Power Group with a financing agreement worth PLN 864 million (EUR 189 million) for the construction of PV projects with a capacity of 299 MWp
A bank consortium composed of ING Bank Śląski SA, Santander Bank Polska SA, Erste Group Bank AG, PKO Bank Polski and Bank Pekao SA has signed an agreement worth PLN 864 million (EUR 189 million) to finance the solar power plant portfolio of R.Power Group, the largest Polish developer of photovoltaic projects. The financing will be used to build solar power plants with a total capacity of 299 MWp, which won last year’s RES auctions.
