Solar

Saudi Arabia’s ACWA Plans To Invest $12bn In Egypt For Solar And Wind Projects

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

Saudi Arabia’s ACWA Power intends to invest $12 billion in the Egyptian market over the course of the next five years. It plans to establish solar and wind power plants with a capacity of 4.2GW from $7.5 billion in investments. The plans include the implementation of a series of projects, including the 2.25GW capacity Dayrout power plant and three 150MW-capacity solar and wind plants. Organisations financing the projects include the Chinese Silk Road Fund, the Saudi Investment Fund and the International Finance Corporation (IFC).

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Intersolar North America – A Key Station For The Solar Express

Americas, Policy, Solar

Intersolar North America is the most attended and first major solar industry event of the year. It brings together thousands of solar professionals, industry leaders, press and key influencers to recharge and accelerate business goals through the end of the year and beyond. It unites people and companies from around the world with the aim of increasing the share of solar power in the global energy supply.

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US Surges Beyond 1 Million Solar Installations, With A Community Solar Future

Americas, Carbon, Head Lines, Solar

A million installations are the result of the work of over 200,000 Americans working in the solar industry and on developments, which have secured a cut in cost per watt by two-thirds within the last 20 years. The next target is another million installations by end 2018. This presents an opportunity to expand access to affordable solar energy. According to the National Renewable Energy Laboratory (NREL), solar is on its way to becoming the single largest source of distributed renewable energy in the US, with the potential to power over five million homes.

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611,000 PV Panels Installed As TerniEnergia Completes 82.5MW South African Plant

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

TerniEnergia SpA has successfully completed the PV plant in the Western Cape of South Africa, ahead of its forecasted completion date. The site of Paleisheuwel, situated across a 240-hectar area of the Western Cape Province, has employed the forces of 500 workers to install the 611,000 photovoltaic PV panels, an overall total of 101,850 structures, as well as, 7 million kg of metallic carpentry and 3000 km of electric cabling in the process. It also holds a renewable four-year contract for the operation and maintenance of the 82.5 MWp-capacity plant

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India – Keeping Pace With Rapid Change, Intersolar And Husum Wind Join Forces

Asia Pacific, Energy, Europe/Middle East/Africa, Solar

HUSUM Wind and Intersolar are forming a strategic partnership in one of the key global renewable markets. India has huge potential for renewable energy, and the Indian government has set ambitious targets for the expansion of wind and solar energy in the years ahead. An additional 4-6GW of capacity is projected for 2016, which would put India in 4th place among the world’s top solar markets. The expansion targets for wind energy are just as ambitious, with the goal of adding 4.1GW within the same time period.

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Canadian Solar Connects Six Solar Power Plants And Exceeds 100MWp In UK

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

Canadian Solar Inc., one of the world’s largest solar power companies, has announced that it has connected an additional six solar power plants, totaling 39.4MWp to the grid, bringing its total fleet of solar power plants in commercial operation in the United Kingdom to approximately 103.0MWp. The six solar power plants were connected to the grid in March 2016 under the Renewable Obligations Certificate (ROC) program. In the past 14 years, the company has successfully deployed over 14 GW of premium quality modules in over 90 countries around the world.

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Turkish Hospital Powered By High Performance Solar Power Wins ICCI Energy Award

Asia Pacific, Europe/Middle East/Africa, Head Lines, Solar

The PV plant of the university hospital was awarded due to its model character, its good performance and its contribution to the regional development of the eastern Anatolian province Malatya. Inaugurated in 2015, it has accounted for around one-third of the electricity consumption of the university clinic, that is fully ventilated, heated and cooled by air-conditioning systems. 22,177 Jinko modules are installed. Total costs were 6.4 million Euro. 85 percent were covered by a 7-year bank loan and 15 percent through the general state budget.

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42MW Futtsu Solar Power Facility Completion Will Serve Tokyo Energy Needs

Asia Pacific, Deals & Finance, Head Lines, Solar

The facility is one of the largest solar PV projects serving Tokyo.”Japan is an exciting market – it is the third-largest electric grid in the world and renewables represent the only domestic energy resource. With modest improvements, innovation and effective utilisation of the current 27GW of pumped hydro facilities, the Japanese grid offers one of the best opportunities in the world to transition to carbon-free electrical generation”, said Mike Garland, CEO of Pattern Development.

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Saudi Arabian Acwa Power Acquires 50MW Solar Project In Jordan

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

The acquisition for an undisclosed fee comes as the government of Jordan has awards power purchase agreements for 12 solar energy projects, seeking to install 200 megawatts in total. It will result in about 2.3 million tonnes of CO2 saved during its PPA term, which is roughly enough to power 15,000 homes. Prior to the acquisition a 20-year power purchase agreement had already been signed with Jordan’s National Electric Power Company (NEPCO). Germany’s ET Solutions AG will be providing engineering, procurement and construction services.

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Sunverge Advances In Australian Energy Storage Market

Asia Pacific, Deals & Finance, Solar

Sunverge Energy, a market leader in intelligent storage and distributed energy resource management, has announced a $36.5 million Series C round of financing. AGL Energy Ltd., Australia’s largest publicly traded energy retailer, joined current investors the Australian Renewable Energy Agency (ARENA), SBCVC, Siemens Venture Capital and Total Energy Ventures International.

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