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Equinor

Polish solar developer bought by Norwegian state-owned energy company

Buyer Equinor could be in for a pleasant surprise – its assessment Wento boasts a 1 GW solar project pipeline in the nation significantly under-reports the 1.6 GW claimed by private equity fund seller Enterprise Investors.

Five commercial offtakers for $33m Jordanian solar portfolio

Telecomms, retail and garment manufacturing businesses have signed up to consume the electricity to be generated by eight solar projects in Jordan which will harness grid infrastructure to transfer an estimated 81 GWh of clean power annually.

Jenny Chase predicts up to 194 GW of solar this year

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

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Solar could hold advantage in post-pandemic global energy sector

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

Fossil fuel giants bet on offshore PV

Norwegian energy producer Equinor and Italian oil contractor Saipem have joined forces to build floating PV projects for near-coastal applications. The two companies plan to use a technology developed by Moss Maritime, a unit of Saipem.

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Norway’s $1tn wealth fund to invest in unlisted renewables

The world’s largest sovereign wealth fund will invest in non-listed infrastructure, with the government stressing such commitments will not be a climate policy measure but an investment strategy. The fund had already announced an intent to gradually divest holdings in oil and gas companies and related projects.

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The blockchain club

Open-source blockchain platform Energy Web Foundation has revealed the number of its affiliates has risen from 37 to 100 in recent months. New members include EnBW, Total and a unit of the State Grid Corporation of China. The platform was conceived to create an energy-blockchain ecosystem and to accelerate the energy transition.

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Dubai funding commitments demonstrate rise of corporate solar

Two Emirati developers are celebrating landmark deals with a commercial and industrial focus as Yellow Door Energy secures $65 million to expand operations into new markets and Adenium – one of Yellow Door’s backers – prepares to operate the region’s first industrial self-consumption and net metering project.

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Scatec switches on 162 MW solar plant in Brazil

The US$215 million Apodi solar park is located in the city of Quixeré, in the state of Ceará. The project was selected in Brazil’s second auction for renewables, which was held in 2015.

Equinor takes 9.7% stake in Scatec Solar

The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.

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