The renewables business is set to acquire the SN Power hydropower operator belonging to Norwegian state-owned private equity business Norfund, with the $1.17 billion deal expected to go through in the first half of the new year. Scatec said the transaction could offer floating solar opportunities.
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
There are at least three PV projects exceeding 1 GW in size that are now under review in the Philippines, according to data from the country’s Department of Energy
Plus, details have been revealed of a 2 MW/2.5 MWh grid scale storage demo project in Switzerland and for a peer-to-peer renewable energy certificate marketplace in Southeast Asia.
The country’s National Irrigation Administration will bet on floating PV and solar-powered irrigation to improve water and energy supply. The Pantabangan and Casecnan dams, in the province of Nueva Ecija in the Central Luzon region, have been identified as ideal locations for floating solar.
Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.
The coronavirus epidemic continues to batter the global economy, including the solar industry, but falling demand during lockdowns has brought negative energy prices as well as helping drive record solar generation, amid less-polluted skies.
The government is planning to introduce a procurement regime this year which the Institute for Energy Economics and Financial Analysis says could drive the price of clean electricity as low as PHP3/kWh. It is thought projects which missed the feed-in tariff scheme deadline will be eligible to compete in the auctions.
WEnergy was celebrating the commissioning of its solar-diesel-storage off-grid network on the island of Palawan. Four more networks could come online within two years, said the developer, as part of a planned 15 microgrids in the nation.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.