Region

Chile Marches On: Santiago Solar Awards Elecnor $117m Solar PV Plant Contract

Elecnor is to strengthen its Solar PV position in Chile. It has won the USD 117.2 million (equivalent to approximately EUR 110.8 million) contract to build a solar PV plant in Chile. The facility, with a capacity of 115 MWp, will be in the municipality of Til Til, to the north of Santiago, in the Metropolitan Region. The contract was awarded by Santiago Solar, whose shareholders are Andes Mining & Energy and EDF Energies Nouvelles, and encompasses the engineering, supply, assembly and start-up of the plant and the high-voltage evacuation infrastructure via a GIS substation connected with a high-voltage line. The project will be financed by a syndicate of banks headed by Crédit Agricole in New York.

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EDF Expansion In Americas. Clean Energy Projects Totalling 708 MW And 501 MWac

Americas, Energy, Head Lines, Region

EDF Energies Nouvelles is announcing the commissioning of four wind farms in the United States with an installed capacity totalling over 708 MW. In North America, the Group has also accelerated its solar energy expansion drive in 2016 with notably a new 150 MWac project in the United States. It contributes to the EDF Group’s CAP 2030 strategy aimed at doubling its renewable energy capacity by 2030. There are 4 new wind energy projects with 3 of these linked to the commitments made by multinationals to reduce their carbon footprint.

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Emerging Uganda: Building Energy Achieves Financial Close For First Solar Plant

Deals & Finance, Europe/Middle East/Africa, Region, Solar

Uganda has one of the lowest electricity consumption per capita in the world, with an average electrification rate of 18.2%. The country’s power sector suffered from a shortage of generating capacity and a lack of reliable and affordable electricity is hindering more sustainable economic growth. In this scenario, the project will also contribute to the socio-economic development of the Tororo area in Eastern Uganda, where it is located. Additionally, it will play a role in terms of employment, thanks to the creation of 250 jobs during the construction phase, and 8 local jobs during the operational one. The solar plant will serve the equivalent of 36,200 people via generation and has an annual avoided GHG rate of 7,400 tCO2eq.USD 19.6 million for the construction of the 10 MW (14GWh/y) Tororo Solar North PV power project which will be ready in about 7 months.

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Fraunhofer Enables Manufacturers Of PV Modules To Keep Pace With Tech Advances

Energy, Europe/Middle East/Africa, Region, Solar, Technology

With SmartCalc.CTM, Fraunhofer ISE has developed a software that helps reduce the cell-to-module power losses in PV module manufacturing. Research and industry invest lots of know-how in improving solar cell efficiency. In order that PV modules benefit from the advances in cell efficiency, the cell-to-module integration process must be performed reliably with low losses. The software was developed with this in mind and harnesses the near 40-year expertise, in this field, of Fraunhofer.

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French Giant Total To Install PV Solar Panels In 5,000 Service Stations Globally

Carbon, Energy, Head Lines, Region, Solar

Total is launching a program to equip 5,000 of its service stations worldwide with solar panels within five years, including 800 in France. The total solar capacity to be installed is about 200 MW, equivalent to the amount of electricity used to power a city of 200,000 people. The project represents an investment of around $300 million and is projected to cut the company’s carbon emissions by 100,000 tonnes annually and reduce energy costs by $40m each year. It’s a high-profile move in what it sees as a growth sector, highlighting a greater industry focus on renewables.

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Technology, Lower Costs Drive Offshore Wind Boom Towards Growth Of 650% By 2030

Head Lines, Region, Technology, Wind

Offshore wind power could grow more than 650% by 2030, according to a new analysis from the International Renewable Energy Agency (IRENA). “It’s poised to become a leading power generation technology in a decarbonised global economy,” said Adnan Z. Amin, Director-General of IRENA, this week, at the World Wind Energy Conference. “Now that onshore wind power is cost-competitive with conventional power generation technologies, more attention is shifting to offshore applications, characterised by high technical power generation potential”.

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Ellomay Capital Sees Growth, Investing €200m In Dutch Waste To Energy Projects

Biomass, Deals & Finance, Europe/Middle East/Africa, Region

Ellomay Capital from Israel has signed an agreement with Ludan Engineering, from the Netherlands, to develop €200m ($220m) waste-to-energy projects in Netherlands.As part of the deal, Ellomay will acquire at least 51% interest in each project while Ludan will hold the remaining 49% stake.The deals are subject to the fulfillment of certain conditions, including projects reaching financial close and receiving a subsidy from the Dutch authorities. The overall cost of the projects is estimated to be approximately €200m.

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EON Advances Grid Stability With 10MW TEP Energy Storage Agreement

Americas, Deals & Finance, Energy, Region, Solar

E.ON Climate & Renewables North America today announced it signed an agreement with Tucson Electric Power (TEP) to provide frequency response and voltage control from a grid-scale, 10(MW) battery energy storage facility with a 2 MW solar array. The Iron Horse Battery Energy Storage Project will be located adjacent to theUniversity of Arizona Science and Technology Park southeast of Tucson. The project is expected to be completed in the first half of 2017.

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Solar Plant Becomes Better Priced Option Than Coal-Fired Plant In Dubai

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

At a time of plummeting costs of solar, renewable energy will account for 40% of global electricity output capacity by 2030. According to the International Renewable Energy Agency (IRENA), it will almost double today’s capacity. Profitability of the cheaper projects has come under increased scrutiny during this time of plunging costs, along with the bankruptcy of the largest global clean energy developer, SunEdison. Nevertheless, Renewable Energy projects, with Solar, in particular, are surging and their growth continues to be attractive for investors.

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Sunnova Energy Secures $175m From Goldman Sachs In The Growing US Solar Economy

Americas, Deals & Finance, Head Lines, Region

The capital secured with Goldman Sachs ensures Sunnova’s continued growth in the US residential solar market and the company will use the funds for its expansion plans. It has a strategy of partnering with local installers to invest in assets, in order to provide affordable solar power, while creating job opportunities across the US. CEO John Berger stated, “our focus on profitable, scalable growth and a well-capitalised company has established Sunnova as a clear leader in the rapidly growing solar economy and Goldman Sachs’ financing will allow us to continue… bringing consumers a cost-effective, clean choice for their electricity.”

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