The European Commission (EC) has approved this week Italy’s and Hungary’s aid schemes to support renewable energy projects.
Israel-headquartered independent power producer (IPP) Ecoenergy has closed a €60 million (US$65.5 million) funding facility with Austrian bank Raiffeisen for its 155MW Ratesti solar project in Romania.
The European Commission has opened this year’s Innovation Fund with a budget of €4 billion (US$4.4 billion) to support the development of decarbonisation technologies.
Germany’s auction for solar installations on buildings and noise barriers has awarded contracts to 88 bids with a cumulative capacity of 191MW.
US renewable energy firm Clēnera’s affiliate Country Acres Clean Power has entered into a busbar power purchase agreement (PPA) with the Sacramento Municipal Utility District (SMUD) for a 392MWdc/344MWac solar project in California, which also features 688MWh of energy storage capacity.
Spanish independent power producer (IPP) Grenergy Renovables will invest in expanding its solar PV and energy storage portfolios to 5GW and 4.1GWh respectively by 2026.
US solar tracker manufacturer Array Technologies has announced plans to build a second manufacturing plant in Albuquerque, New Mexico.
In October, Turkish energy minister Alparslan Bayraktar said Turkey will need to install 5GW of solar and wind capacity every year until 2035, as renewables have great potential to meet the country’s 2035 target of ‘supplying reliable and affordable energy in an environmentally friendly manner’.
Engie North America – the US subsidiary of the French energy utility – has signed two virtual power purchase agreements (VPPA) with WestRock, a sustainable paper and packaging producer.
Solar manufacturer Maxeon Solar Technologies will lay off about 22% of its global workforce as it decided to phase out its Maxeon 6 interdigitated back contact (IBC) modules as well as other operational realignment.
McCarthy said that it was looking to fulfil the wage and apprenticeship requirements under the IRA throughout the projects’ construction. Image: McCarthy Building Companies
Successful projects must be operational within 10 months of signing a power purchase agreement with the the Ceylon Electricity Board. Image: Unsplash
