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Iberdrola to invest US$17 billion in renewables by 2026

Iberdrola, a Spanish utility company, has announced its intention to invest €15.5 billion (US$17 billion) in renewable energy projects by 2026. As part of this plan, the company aims to commission 6GW of solar photovoltaic (PV) and onshore wind installations by 2027. More than 50% of the investment will be allocated to offshore wind projects, …

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Belectric begins building 114MW Encavis German PV plant

The construction of a 114MW solar project in Mecklenburg, located in northeastern Germany, has commenced by the German engineering, procurement, and construction (EPC) company Belectric. Situated in the Borrentin municipality, this site is under the ownership of independent power producer (IPP) Encavis and is set to accommodate approximately 200,000 solar PV module installed by Belectric. …

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IRENA: scaling up financing and modernising infrastructure can triple renewables generation capacity

According to the International Renewable Energy Agency (IRENA), achieving the global target of 11TW of renewable generation capacity by 2030 is attainable. However, it will require substantial efforts to overcome structural barriers to global energy transition. Key actions, as identified by IRENA, include the modernization and expansion of infrastructure, the scaling up of financing, and …

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Generadora Metropolitana to power 480MW PV plant, Chile’s ‘largest’

Generadora Metropolitana, a Chilean energy developer jointly owned by French utility EDF and Chilean independent power producer AME, has initiated the energization process for a 480MW solar PV plant located in Chile. According to Diego Hollweck, the general manager at Generadora Metropolitana, the CEME1 project, situated in the region of Antofagasta, renowned for its exceptionally …

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Meyer Burger posts US$330 million net loss for FY2023

Solar PV manufacturer Meyer Burger has released its financial results for the year 2023, revealing a significant increase in net loss. The company reported a 318% surge in net loss, reaching CHF 292 million (equivalent to US$330.6 million). In 2023, net sales for the company experienced a decline, falling from CHF 147.2 million in 2022 …

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Heliene to supply 1.5-GW US-made modules to Nexamp

Nexamp, a leading US community solar provider, announced a strategic partnership with domestic solar module manufacturer Heliene to procure 1.5 GW of solar modules www.solarepoch.com over the next five years. This represents the largest community solar module order in US history Produced at Heliene’s Minnesota plant, these units will bolster Nexamp’s efforts in creating and building approximately …

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Grappone Mazda zooms on solar energy from ReVision

Grappone Mazda, located in New Hampshire, collaborated with ReVision Energy to set up 295 solar panels at its newly established dealership in Concord. This rooftop solar array produces 162,989 kWh of clean energy, offsetting over 60% of Grappone Mazda’s electricity consumption. Grappone Mazda, a member of the Grappone Automotive Group, a long-standing family-owned New Hampshire …

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Summit Energy finishes first Solstice solar shingle install

Summit Energy’s Peak Roofing division, a leading solar installation company in the Northeast, recently completed the installation of its inaugural Solstice Solar Shingle System, developed by CertainTeed. This innovative system seamlessly integrates solar energy generation into a sleek, low-profile roofing solution that closely resembles traditional asphalt shingles in terms of aesthetics. Adam Graber, Senior Director …

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US solar installations reach 32.4GWdc in 2023

According to the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the United States saw a total installation of 32.4GWdc of solar power last year, marking a record-breaking year for all segments except community solar. As per the US Solar Market Insight report jointly released by the two organizations, the United States installed 32.4GWdc of …

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Encavis starts construction on 260MW solar PV plant in Germany

Encavis Asset Management, a German independent power producer (IPP), has recently commenced the construction of a 260MW solar photovoltaic (PV) plant in Germany. Situated in the northern region of Berlin, the construction of what is claimed to be Germany’s second-largest solar photovoltaic (PV) plant is set to take place in two phases. The first phase …

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