Amazon procures more than 1 GW of U.S. solar projects
Amazon has announced 5.6 GW of solar throughout the world. The first U.S. projects are planned for Arizona and Georgia.
Cheaper wholesale solar equipment through $10m group-buying fund in Nigeria
Two investors backed by the charitable foundations set up by energy giants have seed-funded the cash pot to lend to African solar companies, who will be able to buy solar kit cheaper thanks to the economies of scale offered by the aggregation of orders.
South Africa’s first solar wheeling project
In what is being described by its developer as a national first, a 10 MW solar plant in the Northern Cape will generate power for the local business of Amazon Web Services, with the solar electricity to be delivered via the grid operated by national utility Eskom.
Re-Source 2021 Recap
Re-Source 2021 took place in Amsterdam at the end of last week, and pv magazine was there to cover the event where the suppliers and sellers of renewable power purchase agreements (PPAs) meet the (largely corporate) buyers, though encouraging PPA uptake among small and medium-sized enterprises (SMEs) was among the major talking points, including ‘additionality’, de-risking renewable PPAs and 24/7 matching.
Repsol commissions 90.5 MW in Spain, Amazon plans another 152 MW
Repsol has switched on 90 MW of PV in Spain and Amazon wants to build another large scale solar facility in the country. Both projects are located in the central region of Castilla-La Mancha.
Amazon warehouse fire linked to solar installation
A recent fire at an Amazon warehouse, with an estimated $500,000 in damages, has been linked to an issue with a rooftop solar system, according to Susquehanna Hose Co.
New SunPower chief fronts tough set of quarterly figures
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.
The ‘rubber-band effect’ on renewable energy project margins
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.
Amazon signs solar deals in Spain and Australia
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 inked 19.5 GW of clean energy contracts in 2019
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.
