Renewables investor Aquila European Renewables has secured a €50 million (US$54.7 million) debt facility through a 180MWp solar PV portfolio in Spain.
Spanish utility Iberdrola has been granted €300 million (US$328.7 million) by the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to develop renewable energy projects in countries dependent on coal, including Morocco, Vietnam and Poland.
US climate investment firm HASI has invested an undisclosed sum into a 605MW solar-plus-storage portfolio owned by US utility AES Corporation.
As the world's focus on renewable energy continues to increase, solar energy is becoming more and more popular as a clean and sustainable energy source. Among many solar projects, an often asked question is: How many solar panels do we need to generate 100 megawatts (MW) of electricity? This issue involves many factors such as the area, efficiency, and installation location of solar panels, which we will discuss in detail below.
US clean energy company Avangrid has cancelled a proposed merger with the Public Services Company of New Mexico (PNM), following two years of delays in the approval process.
The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.
Suntech has announced that it has supplied 1MW of its high-power modules to Yemen for the construction of a parking lot and power station. The project, deploying Huawei inverters, will reduce current diesel consumption required due the unreliable electrical grid to a bare minimum.
French renewable power company Voltalia has commissioned a 140MW solar project in southern Albania, said to be the country’s largest to date.
US solar developer Origis Energy has secured US$344 million from Japanese financial group Mitsubishi UFJ Financial Group (MUFJ) for a 200MW solar project in Mississippi, the US.
US-based independent power producer Altus Power has acquired solar assets primarily in North and South Carolina, the US, with a combined capacity of 121MW.
Swissolar, the trade association representing the Swiss solar sector, has announced that it expects 1.5GW of new solar capacity to be installed in Switzerland in 2023, an increase of almost 40% on capacity additions in 2022.
Ambuja Cement, a subsidiary of the Adani Group, an Indian conglomerate, has announced a plan to add 1GW of solar and wind generation capacity to power cement production.
