Guyana secures financing for 100 MW solar project
The $80 million scheme is expected to be financed by the Inter-American Development Bank, with the support of the Norwegian government. The funds concerned were originally to be devoted to a hydropower project.
Terra Firma moves forward with sale of Italy’s RTR
While Italian utility A2A has dropped out of the race to buy RTR; Enel, Eni and BP are reportedly shortlisted bidders for the acquisition. The Italian PV asset manager owns and operates 134 solar parks with a combined capacity of 334 MW across more than 100 municipalities in Italy.
Solarpack could be listed on Spanish stock exchange
The Spanish PV project developer is currently seeking ways to finance its solar project pipeline in India, Chile and Spain. Although the rumors have not been confirmed, listing on the Madrid Stock Exchange may be a option.
Two strategic M&A transactions announced in the French PV sector
French solar project developer, Solstyce and rooftop PV specialist, Enerpur are merging into a single company; while France-based building materials provider, Terreal has become the largest shareholder of mounting system provider, GSE Integration.
Portugal’s regulator greenlights plan to expand grid capacity
The plan is necessary to the further development of big solar parks in the southern part of the country. Overall, €474 million will be invested in grid enhancement over the next four years.
United States: Texas to get its biggest solar plant at 315 MW-DC
Innergex purchased the rights to develop the massive Phoebe solar power plant on the day that the project received a full notice to proceed with construction.
Oman to launch another 500 MW solar IPP tender by the end of 2018
The tender is part of a new plan by the Oman Power and Water Procurement company (OPWP), which envisages the deployment of 2 GW of solar through four 500 MW IPP tenders. One of these was launched by the Middle Eastern country in December of last year.
TrendForce: Price war may begin due to overcapacity
The Taiwanese analysts expect that overcapacity will force some solar players to abandon their business or file for bankruptcy. IHS Markit also sees further price declines and consolidation in the third quarter, although it does forecast signs of a speedy recovery.
Eni builds first solar park at Italian facilities
The Italian oil group is building a 26 MW plant at its industrial site, Assemini, on the island of Sardinia. The system is part of a 220 MW solar project pipeline that Eni aims to install at its Italian sites between 2018-2021.
Solar to reach 1.2 GW in Poland by the end of 2020
With around 300 MW of installed PV power at the end of May, Poland still needs volume to become a major European PV market. More capacity is expected to come online over the next years, however, as a result of the auction mechanism for renewables. Around 360 MW was allocated by the two auctions held by the Polish government, although only 27 MW of this is currently online.
