March 2017

Engie Consolidates Solar Energy Leadership In France; Wins 78 MW Of PV Projects

Carbon, Energy, Europe/Middle East/Africa, Solar

ENGIE, through its subsidiaries ENGIE Green, La Compagnie du Vent, CNR and Solairedirect, has won bidding organised by the French Energy Regulatory Commission (CRE) for 10 photovoltaic projects representing 78 MW of installed capacity. With these additional projects, ENGIE is consolidating its leading position in photovoltaics in France with, at the end of 2016, an installed or construction capacity of 522 MW. According to the company, the selected projects have all been developed in consultation with local stakeholders and will make a priority use of local providers. As France prepares to triple its solar capacity by 2023, Engie wants to improve its market share with a target of reaching 2.2 GW by 2021. At the end of 2016, Engie had 522 MW solar power installed or under construction in the country.

Engie Consolidates Solar Energy Leadership In France; Wins 78 MW Of PV Projects Read More »

Canadian Solar Secures PPAs With SECI For 80 MWac Solar Power Projects In India

Asia Pacific, Deals & Finance, Head Lines

The company has finalised power purchase agreements (PPAs) with the Solar Energy Corporation of India (SECI) for 80 MW of solar PV capacity awarded to the company under the recent 450 MW Maharashtra tender. Maharashtra is India’s second-most-populous state and a growing solar power. This underscores the trend of significant organisations in the solar sector securing their positioning in India. The country is set to surpass Japan as the world’s third-highest growth solar market in 2017, with most analysts expecting the country to add at least 8 GW of new solar capacity this year.

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JinkoSolar, Marubeni Enter Into PPA for Abu Dhabi 1,177MW Solar PV Mega Project

Head Lines

JinkoSolar and Marubeni Corporation have entered into a PPA with the Abu Dhabi Water and Electricity Company ADWEC for the huge solar PV project located at Sweihan, Abu Dhabi, UAE. A special purpose company jointly owned will construct, operate and maintain the PV plant for the duration of the 25-year PPA. The project will be located in the Eastern Region of Abu Dhabi, in Sweihan and will have the capacity of 1,177 MW (DC). The Project’s financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.

JinkoSolar, Marubeni Enter Into PPA for Abu Dhabi 1,177MW Solar PV Mega Project Read More »

Vestas Wins 50 MW Project in Norway; Strengthening Its Position In Nordic Region

Deals & Finance, Europe/Middle East/Africa, Wind

Fortum has placed an order for 14 V126-3.45 MW turbines with Power Optimised Modes to 3.6 MW, demonstrating the competitiveness of Vestas V126-3.45 MW in the Nordic region. With combined orders of close to 1,500 MW in Norway, Sweden and Finland, the V126-3.45 MW and the previous 3.0 MW and 3.3 MW rating variants are proving how the right technology can provide a strong business case in the Nordic region.

Vestas Wins 50 MW Project in Norway; Strengthening Its Position In Nordic Region Read More »

SolarAfrica Delivers East Africa’s Largest Industrial Solar System

Carbon, Europe/Middle East/Africa, Solar

SolarAfrica has announced the official handover of the 991 kWp PV hybrid system developed for Kenya’s largest, most progressive salt producer, Krystalline Salt Limited. The bespoke solar solution will generate approximately 1.6 gigawatt-hours of electricity per year, saving Krystalline around 22% of their electricity costs. The system will operate in Malindi, Kenya. The company partnered with SMA Sunbelt and Kenyan based installation partners, Harmonic Systems to construct and execute the project efficiently and to the highest industry standard, resulting in the project being completed two months ahead of schedule.

SolarAfrica Delivers East Africa’s Largest Industrial Solar System Read More »

Intersolar Summit USA East To Feature Solar and Energy Storage Leaders

Head Lines, Solar, Technology

Intersolar North America, the most-attended solar industry event in North America, has announced its one-day conference, Intersolar Summit USA East, in New York, will feature key solar and energy storage pioneers. New York itself, is a solar leader and has experienced a remarkable 795% growth in solar over the last 5 years. It’s now focused on an aggressive goal of generating 50% of all energy from renewables by 2030. Many executives will reflect on its progress and identify how similar tactics could be used to grow additional solar markets.

Intersolar Summit USA East To Feature Solar and Energy Storage Leaders Read More »

Tata Capacity Exceeds 10.5 GW, As 15 MW Telangana Solar Plant Begins Operations

Asia Pacific, Energy, Head Lines, Solar

Tata Power Renewable Energy Ltd, India’s largest renewable energy company has announced the start of commercial operations at its 15 MW solar plant in Telangana. The solar plant has been built over 80 acres of land and includes an 18 km transmission line. Sale of power from the plant has been tied up under a 25 year Power Purchase Agreement at a tariff of Rs. 5.72. Mr Rahul Shah, CEO, Tata Power Renewable Energy, said “The synchronisation of the 15 MW solar plant in Telangana marks a significant milestone in our drive to grow our portfolio of clean energy generation.

Tata Capacity Exceeds 10.5 GW, As 15 MW Telangana Solar Plant Begins Operations Read More »

DEWA To Build 97 New Substations To Meet Future Energy Demand

Carbon, Energy, Europe/Middle East/Africa, Policy, Solar

DEWA plans to build 97 new 132/11 kilovolt (kV) substations over the next three years, at a projected cost of AED 10 billion, supporting the directives of its leadership and showing DEWA’s commitment to meeting growing demand for energy in Dubai. The new substations will be located at Hassyan, the Mohammed bin Rashid Al Maktoum Solar Park, and other locations to support the expansion of other power plants in Jebel Ali and Al Aweer.

DEWA To Build 97 New Substations To Meet Future Energy Demand Read More »

Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging

Deals & Finance, Energy, Head Lines, Wind

Vestas reclaimed top spot in the annual ranking of wind turbine manufacturers, according to figures compiled by Bloomberg New Energy Finance. Some 8.7GW of Vestas turbines were installed in 2016, 16% of all onshore wind installations last year. Vestas returns to the top spot thanks to a strong push in the US. The Danish manufacturer continues to pursue a global strategy with projects in 35 countries, more than any other turbine maker. GE placed second with 6.5GW, some 0.6GW more than in 2015. Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016.

Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging Read More »

Renovate America Closes $200 Million Credit Facility, Continuing HERO Expansion

Americas, Carbon, Head Lines

Renovate America, a leading U.S. provider of home-improvement financing, announced today that it has closed a $200 million credit facility with Bank of America N.A. to support the continued expansion of the HERO Program, the nation’s largest form of Property Assessed Clean Energy (PACE) financing. Since launching just over five years ago, the HERO program has been used to finance energy and efficiency improvements across 90,000 homes. The credit facility will provide Renovate America with enhanced liquidity and will further diversify the company’s funding profile. It now has five warehouse lenders in aggregate, up from three last year.

Renovate America Closes $200 Million Credit Facility, Continuing HERO Expansion Read More »

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