Industry News
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Nexamp bags US$400 million for 250MW of US community solar
A 7MW community solar project from Nexamp in New York. Image: Nexamp. Clean energy company Nexamp has secured US$400 million in debt and equity financing to develop up to 250MW of community solar and storage projects across the US. The project portfolio constitutes 49 sites spread across predo...Read more -
TotalEnergies sells ‘most of’ its climate venture capital assets to Aster
The TotalEnergies CVC sale marks the first private equity secondary market transaction for Aster. Image: Aster. French energy company TotalEnergies has sold most of its climate venture capital (CVC) arm, TotalEnergies Ventures, to French VC firm Aster. With the acquisition, the French VC firm ...Read more -
Solek secures US$379 million in funding for Chilean solar projects
Solek plans to build 39 more new PV plants in Chile before the end of 2024. Image: Solek Czech solar power company Solek has reached a funding agreement with several banks and investors to provide US$379 million for its solar power portfolio in Chile. The funds will be used to complete work ...Read more -
US debt ceiling crisis: What does the renewable energy industry think?
The Senate needs to approve the bill before 5 June to avert a default. Image: Wikimedia Commons The US House of Representatives is set to vote on the proposal to raise the ceiling debt on Wednesday, a step that prevents the US from reaching its debt limit and avert a default. Earlier this week...Read more -
Motor Oil renewables arm acquires 1.9GW of solar projects in Greece
The 204MW Kozani solar project in Greece was commissioned by juwi in 2022. Image: juwi. Motor Oil Renewable Energy (MORE) has acquired a majority stake in holding company Unagi S.A., which holds a 51% stake in three solar power companies in Greece, with a combined capacity of 1.9GW. MORE, a s...Read more -
German municipalities can benefit from solar parks via new contract model
The Association of Energy Market Innovators is offering two free sample contracts. Image: BayWa r.e. With Germany working on its goal of producing 80% of electricity consumption covered by renewable energy in 2030 as set out in the EEG 2023, it has announced plans to provide a new contract mod...Read more -
Lightsource bp powers up 152MW Indiana agrivoltaics plant
Sheep grazing and Bellflower Solar. Image: Lightsource bp Lightsource bp has reached commercial operation of its 152.5MWac Bellflower Solar project in Indiana, with a virtual power purchase agreement (VPPA) in place with communications company Verizon. Bellflower Solar deployed over 377,000 of...Read more -
Savion, Toyota sign 100MW solar VPPA on former coal mine in Kentucky
Construction of the solar PV project is expected to start in mid-2023 and reach commercial operation in 2024. Image: Savion. Solar developer Savion and automobile giant Toyota have inked a 100MW solar PV virtual power purchase agreement (VPPA) for a brownfield project in Kentucky, US. Construc...Read more -
Axpo Deutschland inks 60GWh PPA deal with silicon wafer manufacturer Siltronic
The power purchase agreement will power Siltronic’s two wafer plants in Germany. Image: Axpo Deutschland Energy trader Axpo Deutschland has signed a power purchase agreement (PPA) with silicon wafer manufacturer Siltronic. Under the 10-year agreement, Axpo Deutschland will produce 60GWh of ren...Read more -
New York State sets new solar PV generation record with 3.3GW
New York State is aiming to reach a zero-emission electricity sector by 2040. Image: Con Edison. On Thursday 18 May, New York State reached a new record for solar generation with 3.3GW at noon, according to the New York Independent System Operator (NYISO). Solar capacity during that hour accou...Read more -
Oxford PV posts 28.6% efficiency on commercial perovskite-silicon tandem cell
Scaling and stabilising perovskite cells is proving challenging for manufacturers the world over. Image: Oxford PV Perovskite solar cell researchers Oxford PV have claimed a new world record for commercial solar cell efficiency, recording a 28.6% efficiency on a 258.15 cm2 perovskite tandem ce...Read more -
NREL receives US$150 million in IRA funding
The US government said the funding will give the lab the resources it needs to create a more resilient and secure power grid. Image: Dennis Schroeder / NREL. The US Department of Energy has announced that improvements will be made to two campuses of the National Renewable Energy Laboratory (NR...Read more
