UK added 545 MW of solar last year to hit 13.9 GW
The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar.
China could drive 4.2 TW of solar capacity by 2050 under decarbonization plan
The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
Telecoms business secures 100 GWh of clean power with new procurement platform
Unnamed business was the launch customer for DNV GL’s Instatrust online PPA-matching platform. The corporate client’s request prompted offers of more than 800 GWh of renewable energy.
South African coal lobby loses court challenge over 2.3 GW of renewables
The country’s top appeals court has dismissed the Coal Transporters Forum’s long-running effort to nullify 2.3 GW of power purchase agreements which financially troubled utility Eskom signed with solar and wind developers in the country’s fourth national tender round years ago.
An open access, online European PPA tracker
The PexaQuote software is said to allow both parties to a power purchase agreement to identify the best structure and price for a deal within seconds. The platform provides price indices, a deal tracker and a quote service.
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.
EDF invests in Egyptian renewables developer KarmSolar
The French energy group has injected an unspecified sum into KarmSolar, which has a 165 MW solar project portfolio in Egypt. The developer specializes in power purchase agreements and solar distribution contracts with large commercial, agricultural and industrial clients.
European Utility Week: ‘The confidence is coming back’
The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.
Bangladeshi government will renegotiate solar tariffs for projects which miss deadlines
Officials in Dhaka frustrated by the lack of progress on several PV projects have decided to punish tardy developers by setting new power prices which reflect the falling costs of solar project development.
India issues bidding guidelines for solar-wind hybrid projects
India’s Ministry of New and Renewable Energy has suggested minimum 25-year power purchase agreements, while also opening up the option to include energy storage in solar-wind hybrid generation projects that are procured under its public tender regime.
