Deals & Finance

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Vestas Seals Massive 557 MW Fleet-Wide Service Deal in Australia with Infigen

Infigen Energy and Vestas have signed fleet-wide long-term service agreements for 557 MW of Vestas and Suzlon turbines. With the deal, Vestas will provide maintenance to Infigen’s entire operating fleet until the end of their design life, including all their Suzlon turbines.
The agreements are effective from 1 January 2018 for a period of between 7 and 15 years, depending on the wind park. “Vestas has a proven track record, developed over many years, for delivering high-quality service and optimal asset performance”, said Ross Rolfe, Infigen’s Managing Director.

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Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

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Emerging Markets Catching Up Fast To Germany, UK, China As Top For Investments

Allianz Climate and Energy Monitor, which assesses the low-carbon investment climate in G20 countries, has revealed that over the past year, most G20 states improved low-carbon energy investments conditions, with several emerging market countries rapidly catching up to the leaders. Policies supporting solar and wind investments are starting to pay off and India, South Africa, Brazil and Indonesia emerge as high-need hotspots for renewable energy investments. The rapid development of the renewable energy sector is a crucial success factor for meeting the Paris climate goals.

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EDF, Canadian Solar Join Forces For One Of The Largest Solar Projects In LATAM

EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II PV project (115 MWp) from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the PV panels locally. It marks the latest step by EDF in Brazil’s renewable energy sector. With this addition, it now has 489 MW under construction, consisting of 183 MW (wind) and 306 MWp (solar). The project is located close to Pirapora I (191 MWp), also jointly owned by both companies. With a total installed capacity of over 300 MWp, the energy generated by both projects will cover the annual electricity consumption of 323,000 Brazilian homes.

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ČEZ Enters French Wind Energy Market With 100MW Portfiolio Initiated By ABO

ABO Wind reports its largest single transaction in the company’s history to date. The project developer has sold nine wind farm projects with a total nominal capacity of about 100 megawatts to the Czech supplier ČZ. 70 percent of ČZ is owned by the Czech government and it is by its own account among the ten largest European energy suppliers. ČZ operates wind farms in several European countries – including Germany – and will now enter the French wind market in cooperation with ABO Wind.

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Vestas Strides Onwards, Winning 90 MW Order For The Largest Wind Park In Greece

Vestas increased its presence in southern Europe with an order for 90 MW of V136-3.45 MW turbines from Eltech Anemos S.A. places, delivered in 3.6 MW Power Optimised Mode. The wind park will be the largest in Greece and the first in the country featuring the V136-3.45 MW. The contract comprises supply and installation of the wind turbines as well as a 20-year Active Output Management 4000 (AOM4000) service agreement to optimise energy output at all times. Delivery of the wind turbines is expected to begin in the first quarter of 2018.

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Nordex Scores Triple Win In France, Also Installs Largest Turbine To Date

The Nordex Group has been awarded three new contracts covering a total capacity of 36 megawatts in France. Different project developers and power station operators have placed orders for the installation of a total of 13 N131/3000, N117/3000 and N117/2400 turbines. The company will be installing its N131/3000 turbine in France for the first time. With a rotor diameter of 131 metres, it will be the largest turbine installed in France to date. The turbine will be able to generate large energy yields even in light wind regions and fits perfectly to the site conditions thanks to its very low acoustic output levels. With an installed capacity of over 1.7 GW, Nordex is one of the market leaders in France, servicing its customers’ wind power systems via a dense network of 15 service stations. Work on the wind farms is to commence this year.

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InnoEnergy Accelerates Magnificent Seven European Technologies At Intersolar

InnoEnergy, the sustainable energy accelerator for Europe, is exhibiting at INTERSOLAR Europe between the 31st of May and 2nd of June. The organisation supports and invests in innovation at every stage of the journey – from classroom to end-customer. With its network of partners, it builds connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets.

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Engie Strengthens Solar Presence In China With 30% Equity Investment In UNISUN

ENGIE has signed in Shanghai an Agreement for a 30% equity investment through a capital increase in UNISUN, a PV company. Since 2014, UNISUN has successfully developed around 500 MW PV projects, showing strong technical capacity. During COP21, China pledged to peak its carbon emissions in 2030 or earlier; the country shall subsequently increase the share of non-fossil energy from 13% to 20% in its energy mix by then.

Total And SunPower Join Forces To Build Solar Power Plant In Japan

Total and SunPower and ISE Group, have started up a 27-megawatt-peak photovoltaic power plant in Nanao on Japan’s Honshu Island. Completed one year after the beginning of construction, the plant will generate clean and reliable electricity to serve thousands of Japanese households on the island. The Nanao plant is jointly owned by ISE Group, which holds 50 percent interest, with Total and SunPower each holding a 25 percent interest.

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The Evolution of Solar: 10 Years of Solar Pride in San Francisco With Intersolar

2017 marks the 10th anniversary of Intersolar North America, a leading trade event that has grown alongside the solar industry. During this decade, the U.S solar industry has seen exponential growth. Since 2007, photovoltaic (PV) solar installations have skyrocketed from 1,063 megawatts in 2007 to 14,762 megawatts in 2016. Intersolar North America has been there every step of the way and experienced a similar boom. More than 550 exhibitors and more than 18,000 visitors participated in Intersolar and ees North America in 2016, with an even larger crowd expected to attend in 2017.