News
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AES to triple renewables capacity by 2027 and ditch coal by 2025
The 250MW Petersburg Solar Project from AES. Image: AES Indiana via Twitter. US utility AES Corporation has announced plans to triple its renewables generation capacity and outlined its growth strategies for its operations through 2027. In its long-term growth strategy announced this week, AES...Read more -
Sunrun exceeds rooftop PV installs guidance in Q1, on track for 1GW in 2023
Sunrun added more than 32,000 customers in Q1 2023, a 20% increase over the same period a year earlier. Image: Sunrun. US solar installer Sunrun added 239.8MW of PV capacity in Q1 2023, exceeding its high-end guidance and is on track to reach 1GW in 2023. Installed capacity increased by 12% ye...Read more -
CPS Energy issues RFP for 700MW of solar PV in Texas
A second RFP for community solar projects will follow in the coming months. Image: CPS Energy US utility CPS Energy has issued its first request for proposals (RFP) designed to add 700MW of solar PV capacity to its generation portfolio in Texas. CPS has opened the RFP to businesses of all size...Read more -
Akuo reaches financial close on solar PV portfolio in Chile
Akuo’s Chilean solar projects are all located south of Santiago de Chile, rather than in the sunny hotbed region of Antofagasta. Image: Thomas Griggs via Unsplash. French renewables developer Akuo Energy and managing asset company Atlantica Sustainable Infrastructure have closed the financing ...Read more -
SolarEdge posts record revenues and inverter shipments in Q1 2023 as operating expenses level out
Incomes were up sixfold from the previous quarter. Image: SolarEdge Israeli solar inverter manufacturer SolarEdge posted strong Q1 2023 financial results with record revenues and shipments, building on a less profitable fourth quarter. The company’s GAAP adjusted revenues were US$943.9 million...Read more -
Sonnedix and Equinix sign 150MW Spanish PPA
A 50MW solar PV plant in Spain from Sonnedix. Image: Sonnedix. Renewables developer Sonnedix has signed a 10 year power purchase agreement (PPA) with US data company Equinix for 150MWp worth of solar PV. The agreement covers three PV plants in the Castilla-La Mancha region of Spain, all of whi...Read more -
High irradiance in South Africa boosts Scatec opening quarter earnings
Scatec had 4.3GW of solar PV in its pipeline – at different stages – by the end of Q1 2023. Image: Scatec. Independent power producer (IPP) Scatec has posted strong results in the first quarter of the year driven by strong operational and financial performance. Higher revenues in Ukraine – whi...Read more -
IKEA signs on to use Meyer Burger HJT modules in the US
The agreement includes an expansion of Meyer Burger’s Arizona factory. Image: Meyer Burger. PV module manufacturer Meyer Burger has signed a four-year agreement to supply modules to Ingka Investments, the investment arm of Ingka Group and the largest franchisee of IKEA. From 2025-2029 the Swis...Read more -
Solar industry reacts to Senate’s vote to remove Biden’s import tax waiver
The vote to repeal the waiver passed through the Senate this week, and now goes to the President’s desk. Image: Pixabay. The US Senate has passed a vote to repeal Joe Biden’s two-year waiver on solar import tariffs, a decision which the Solar Energy Industries Association (SEIA) has previously...Read more -
SunPower secures further US$550 million to finance customer loans programme
SunPower has now secured US$1 billion in customer loan financing. Image: SunPower. US residential PV company SunPower has secured a US$550 million loan from global investment firm KKR to finance its customer loans model. The financing will purchase solar energy loans made to SunPower customers...Read more -
VPPs to save US utilities up to US$35 billion in next decade
VPPs that aggregate residential solar and storage can help to reduce the demand for dirty peaker plants in peak demand periods. Image: Sunrun. As distributed energy resources (DER) such as residential solar rooftop increase in the next decade, their aggregation into virtual power plants (VPP) ...Read more -
Atlas Renewable Energy signs 902MWp corporate PPA with Brazilian aluminium producer
The deal is the longest-duration corporate PPA in Latin America. Image: Atlas Renewable Energy Atlas Renewable Energy has signed a power purchase agreement (PPA) with Brazil’s largest aluminium producer for its 902MWp PV project in the state of Minas Gerais. Set to run for 21 years and finance...Read more
