Solar

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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Enel Signs $115m USD Loan Agreement To Promote Renewable Investments In Brazil

Americas, Carbon, Hydro, Solar

The Enel Group and the Brazilian Development Bank, the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around $115m USD to promote renewable investments. The funding will also cover part of the investment required to build the recently inaugurated 102 MW Apiacas hydropower cluster, located in the state of Mato Grosso in Brazil’s Central-West Region. “We’re extremely pleased with the outcome of this transaction, which is a testament to the solidity of our Brazilian business,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.

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Bangladesh Begins To Realise Solar Potential With 200MW Teknaf Solar PV Project

Asia Pacific, Energy, Head Lines, Policy, Solar

Bangladesh has begun to realise its immense solar potential and perhaps, also the associated challenges. Southern Solar Power Ltd, a Bangladesh-based subsidiary of the now-bankrupt US-based SunEdison is to build a solar power plant, within 18 months and will be the lead developer of the solar PV project. The project is the biggest ever solar-based electricity generation plant in Bangladesh and will be built at Teknaf in Cox’s Bazar, costing an estimated $300m.

Bangladesh Begins To Realise Solar Potential With 200MW Teknaf Solar PV Project Read More »

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.

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

New Low Carbon Era Arrives for the UK. Renewables Now Mainstream, Wind Central

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

New Government figures show that the UK has passed the point where we have a low carbon electricity system. For the first time, renewables and nuclear are delivering 50% of our electricity, thanks to continued dramatic growth in renewable generation. Coal use and fuel imports are falling dramatically in response as we balance our economy, increase energy efficiency, cut costs and cut carbon.

New Low Carbon Era Arrives for the UK. Renewables Now Mainstream, Wind Central Read More »

NextEra Energy And TVA Commission 75MW Solar Energy Project. Largest In Alabama

Americas, Deals & Finance, Energy, Head Lines, Solar

The Tennessee Valley Authority (TVA) and NextEra Energy Resources have joined local leaders to celebrate the commissioning of Alabama’s largest solar energy project. The River Bend Solar Energy Center features more than 300,000 solar panels with trackers that follow the sun from east to west each day to maximise energy production. Together, they generate 75MW, or enough to power more than 15,000 homes. The energy will serve TVA consumers starting this year, under a 20-year power purchase agreement.

NextEra Energy And TVA Commission 75MW Solar Energy Project. Largest In Alabama Read More »

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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Canadian Solar Supplies 18,500 Panels For Large US Agricultural Installations

Americas, Deals & Finance, Energy, Head Lines, Solar

Canadian Solar has announced that it has supplied 5.74 MW of its MaxPower CS6X310P modules to two projects located in Fowler, California. The first installation; the 2.49 MW Bee Sweet Citrus Farm, consists of 8,034 panels. The second installation; the 3.25 MW National Raisin Company Farm, consists of approximately 10,509 panels, making this array one of the largest agricultural solar systems in the USA. In total, the cumulative amount of electricity produced from these two installations is equivalent to powering 564 homes for one year.

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Dominion Acquires 60MW Solar Farm And Announces Multiple Solar Electric PPAs

Americas, Deals & Finance, Energy, Solar

As part of its long-term plan to bring online at least 500MW of solar electric generating capacity in North Carolina (N.C.) and Virginia, Dominion has announced it has acquired the development rights for the 60MW (AC) Summit Farms Solar facility in Currituck County, N.C. The solar facility is expected to enter service in December 2016. It has also signed 25-year power purchase agreements with the Massachusetts Institute of Technology, Boston Medical Center and Post Office Square Redevelopment Corporation.

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Credit Suisse And SolarCity Create New Fund To Finance $300m In Solar Projects

Americas, Carbon, Solar

SolarCity Corp. has announced that it has created a new fund to finance more than $300 million in solar projects with Credit Suisse. The fourth such collaboration between SolarCity and Credit Suisse will allow thousands of homeowners in the U.S. to pay less for solar electricity than they pay for utility bills. The fund represents another new financing for SolarCity, following a $305 million cash equity financing and a fund to finance $347 million in projects with Citi that closed last month.

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