Peter Faricy was not at the helm during the opening quarter of 2021 but his first earnings call saw him explaining a quarter-on-quarter reverse from a $413 million profit to a near $50 million loss.
David Riester of Lacuna Sustainable Investments, looks at how, on the journey from concept to monetized power plant, renewables and energy storage projects tend to get tugged toward ‘zero’ margin, from either direction. The further the rubber band is stretched, the stronger the pull back toward zero.
Chinese PV heavyweight Canadian Solar has announced an offtake deal for its Gunnedah solar project with e-commerce giant Amazon in the Australian state of New South Wales. The e-commerce giant also plans to build a 50 MW solar plant near Zaragoza, in eastern Spain.
Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge.
The solar project, southeast of Seville, will power Amazon Web Services data centers and logistics locations, and is expected to start generating next year. The company has launched its Climate Pledge with the aim of complying with the Paris Agreement 10 years early by neutralizing carbon emissions by 2040, and of operating with 80% renewable energy by 2024 and 100% renewable energy by 2030.
Re-Source Platform, which is administered by SolarPower Europe and WindEurope, sees more than 50 multinational corporations including Facebook, Google and Amazon sign letter to European Energy Ministers calling for removal of regulatory barriers on corporate renewable PPAs.
The funds will be used to provide financing for residential PV projects across all of the nine states that form the so-called Amazônia Legal.
The company’s solar installations planned for 15 fulfillment centers this year will be followed by another 35 by 2020
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.