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

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 …

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Enel North America starts operations at 326MW solar-plus-storage plant in Texas

Enel North America, the American branch of the Italian utility Enel, has commenced operations at the 326MW Stampede solar-plus-storage facility located in the state of Texas in the United States. The solar photovoltaic component of the initiative commenced power generation in June 2024, whereas the 86MW battery energy storage system (BESS) is presently in the …

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CGN commissions 400MW offshore floating solar project in China

CGN New Energy Holdings, a Chinese renewable energy developer, has successfully launched a 400MW offshore floating solar project in Laizhou Bay. This marks the country’s pioneering large-scale deep-water offshore solar initiative. Situated in the Bohai Sea, close to Zhaoyuan City in Shandong province, the venture spans 6.4 square kilometers and comprises 121 PV sub-arrays. Grand …

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

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, …

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

“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 …

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EBRD finances 315MW solar PV projects in Romania

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 …

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Transgrid to investigate three inland Renewable Energy Zones in western NSW

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 …

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National Renewable Energy Solutions has broken ground on a 140MW solar-plus-storage plant on tribal lands in New Mexico

Built on tribal land leased from the Jicarilla Apache Nation, the solar-plus-storage is expected to be operational in 2025. National Renewable Solutions, a developer specializing in renewable energy, has initiated the construction phase of a 140MW solar-plus-storage venture in the state of New Mexico in the United States. The Shallow Basket Energy initiative is established …

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Maxeon: Dutch court rejects ABC cell patent lawsuit against Aiko Solar

Maxeon, a solar manufacturer based in Singapore, has been unsuccessful in its legal action against fellow manufacturer Aiko Solar for purported patent infringement related to solar technology. Last week, a judge in the District Court of The Hague in the Netherlands dismissed Maxeon’s claim of alleged patent infringement concerning solar cell architectures, a decision that …

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Acciona Energía commissions 458MW Red-Tailed Hawk solar project in Texas

The Spanish energy firm Acciona Energía has activated its 458MW Red-Tailed Hawk PV project in the state of Texas, marking the company’s most extensive solar panel in terms of capacity. In February 2022, Acciona Energía purchased the project from a consortium that included Avondale Solar and Solar Plus Development, in a transaction valued at $460 …

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