Ideematec banks new investment worth millions for business expansion
The solar tracker supplier is benefiting from a steadily growing PV market and has inked a deal with ABN AMRO Energy Transition Funds for new capital to expand its operations.
Lightsource BP acquires 1.9 GW of Brazilian solar projects
The developer has announced a major portfolio acquisition. London-based Lightsource says it has acquired 1.9 GW of solar generation capacity in various stages of development from Brazilian developer Enerlife.
Trina partners with Aldo Solar in Brazil
Chinese module maker Trina Solar has announced a partnership with the distributor to bring its new mono PERC modules to Brazil’s fast-growing distributed generation market.
Ganfeng Lithium wagers $28m on Sonora lithium deposits in Mexico
The Chinese lithium-ion battery producer has taken significant stakes in two U.K. entities associated with a mine which could hold up to 8.8 million tons of the raw material in clay deposits.
Brazil A-4 auction signs 211 MW of solar for record-low price of $0.0175 kWh
Cracking the two-cent-mark as a global standard for PV appears within sight as projects in the U.S. and Brazil have been signed below that threshold. Just two years ago the industry celebrated sub-three-cent bids in the MENA region. Prices have come down so quickly, however, the new records are another third cheaper.
Mexico to kick-off first private renewables auction this week
Although it is unclear how much generation capacity will be contracted, several projects submitted for the subsequently cancelled fourth government renewables auction may participate in Thursday’s procurement. ‘Qualified users’ – energy consumers needing more than 1 MW of power and without access to regulated power supply from national utility CFE – are expected to be among the buyers at the exercise.
A thumping 29.7 GW of solar project capacity will compete in Brazil’s A-6 renewables auction
Brazilian energy agency the EPE has pre-qualified 1,829 renewable power projects with a combined capacity of 100.8 GW for the procurement exercise. The A-6 auction is expected to be the largest in terms of allocated capacity and to deliver lower bids than previous rounds.
Mexico reaches 4 GW milestone
Of the nation’s installed operational PV capacity, 3,364 MW is in the form of solar parks while distributed generation contributes around 693 MW.
Solar could bring 200,000 jobs to the UK by 2030 – but only with government backing
As the solar industry digests yesterday’s announcement by Theresa May of a net zero carbon ambition by 2050, developer Solarcentury says Downing Street is hugely underestimating the role PV can play in achieving that milestone.
Enerray enters insolvency proceedings
Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business.
