In the United States this week, Arevon Energy and Matrix Renewables have commenced construction on two solar projects located in Indiana and Texas. Meanwhile, inverter manufacturer Ingeteam has provided 1GW of inverters for three solar projects in the US. Arevon begins construction at 192MW Indiana project Arevon Energy, a renewable energy developer and operator in …

US ROUND-UP: Arevon and Matrix begin construction, Ingeteam ships 1GW of inverters Read More »

Clearway Energy Group, a developer specializing in renewable energy, has finalized a financing arrangement totaling US$550 million for a solar-plus-storage project with a capacity of 140MW in California. This significant financial milestone underscores Clearway Energy Group’s commitment to advancing sustainable energy solutions and underscores the continued growth of renewable energy projects in the region. The …

Clearway secures financing on 140MW solar-plus-storage California project Read More »

Gstar Solar, a solar manufacturer based in Singapore, has recently entered into a memorandum of understanding (MOU) with Siraj Group, a Middle Eastern investment company. The MOU outlines plans for the construction of a 2GW module assembly plant in the region. This collaboration aims to further expand the solar manufacturing capabilities in the Middle East. …

Gstar to build 2GW module assembly plant in UAE Read More »

The American independent power producer (IPP) Enfinity Global has successfully secured financial closure on a €500 million (US$558 million) investment to support the growth and building of a 1.5GW solar photovoltaic (PV) portfolio in Italy. The financing for this initiative has been facilitated through a unique collaborative arrangement with investors Infranity, Schroders Capital, Rivage, BNP …

Enfinity Global closes €500 million investment for 1.5GW Italian PV portfolio Read More »

Members of Horizon Power and respresentatives of the Nyul Nyul people. Image: Horizon Power. Horizon Power, the regional energy provider for Western Australia, has signed its inaugural Indigenous Land Use Agreement (ILUA) with the Nyul Nyul people of Beagle Bay in Kimberley. This agreement pertains to a planned solar PV development. As per the agreement, …

Horizon Power inks ‘historic’ Indigenous Land Use Agreement for solar PV project in Western Australia Read More »

“Amidst fierce industry competition, we maintained our focus on profitability while also increasing volume this quarter,” said Yan Zhuang, president of CSI Solar. Image: Canadian Solar. Canadian Solar, a leading solar manufacturing company, has reported higher revenues and profits in its Q2 2024 financial results. This growth can be attributed to an uptick in photovoltaic …

Canadian Solar shipments and revenues increase in Q2 2024 amid low module prices Read More »

The European Bank for Reconstruction and Development (EBRD) and financial institution Raiffeisen Bank International have extended a €110 million (US$122 million) funding arrangement to solar developer Nofar Energy for the construction and operation of a 315MW solar photovoltaic project in Romania. Comprising two projects, the Iepuresti plant (169MW) and the Ghimpati plant (146MW) are situated …

EBRD finances 315MW solar PV projects in Romania Read More »

Transgrid, the Australian transmission system operator, has indicated in a recent report that remote inland Renewable Energy Zones (REZ) could offer supplementary renewable energy sources by the mid-2030s, pinpointing western New South Wales (NSW) as a region with promising potential. In this year’s Transmission Planning Annual Report (TAPR) by Transgrid, it is highlighted that the …

Transgrid to investigate three inland Renewable Energy Zones in western NSW Read More »