energynews

5N Plus expands its contract with First Solar to strengthen the supply of critical materials

5N Plus announces the extension of its supply agreement with First Solar, including a 33% increase in cadmium telluride volumes by 2026 and the delivery of new essential materials for photovoltaic production.

Scatec secures $27mn financing for a 142 MW solar power plant in Brazil

Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.

Fortistar and Epic Star Energy complete acquisition of solar portfolio in Hawaii

Fortistar and Epic Star Energy take control of a group of strategic renewable assets, including a solar power plant in Kauai, marking a major milestone for Hawaii's energy development.
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Wood Mackenzie forecasts a 46% decline in US residential solar by 2030

According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.

Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain

Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.

Solarcentury launches the first 25 MWp tranche of the Mailo solar plant in Zambia

Solarcentury commissions 25 MWp at Mailo, Zambia, connecting for the first time a merchant solar plant to the Southern African Power Pool and begins construction of the next phase.
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Mergence invests $3.3mn to support Solarise Africa’s solar growth

Solarise Africa secures $3.3mn in financing from Mergence Investment Managers to accelerate the deployment of solar systems for the commercial and industrial sector in Africa.

First Solar raises annual outlook after new import tariffs

First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.

GoldenPeaks Capital connects two major solar power plants to the Hungarian grid in 2025

GoldenPeaks Capital commissions two large-scale photovoltaic plants in Hungary, strengthening the integration of independent solar generation and the electricity supply on the national market.
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Emerge signs 20-year solar agreement with Misk City to power an innovative urban model

Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.

SANY launches 10 MW solar project in Zimbabwe with unique EP+F model

SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.

Stem optimises the integration of the 57 MW Camino solar project in California with its automation technology

Stem deploys a grid optimisation solution for the Camino solar site, with a capacity of 57 MW, in California, meeting IEEE 2800 standards and targeting operational reliability and market performance.
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Green Hybrid Power launches billion-dollar floating solar project on Lake Kariba

Green Hybrid Power secures initial $4.4mn financing to launch a 1 GW floating solar power plant in Zimbabwe, aiming to supply 500 MW to industry under a twenty-year contract.

Loblaw launches Canada’s largest rooftop solar system for its logistics centre

Loblaw Group will deploy a 7.5 MW photovoltaic installation on the roof of its East Gwillimbury distribution centre, generating up to 25% of the site’s annual electricity and marking a new step for the Canadian logistics sector.

Shell restructures five U.S. solar projects through joint venture with Ares

Savion, a Shell subsidiary, transfers majority ownership of five solar projects to Tango Holdings, 80% owned by Ares, to optimise the U.S. renewable electricity production portfolio and improve the profitability of the oil group’s investments.
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Agilitas Energy acquires 12.5 MW solar project in Rhode Island to strengthen its portfolio

Agilitas Energy announces the acquisition of a 12.5-megawatt solar project in North Smithfield, aiming to power more than 2,500 homes and provide full energy credits to commercial and institutional customers in Rhode Island.

European solar growth slows in 2024 but will reach 400 GW in 2025

Europe will see its first slowdown in solar deployment in ten years in 2024, with 64.2 GW expected, but this does not call into question the 400 GW target for 2025 set by the European Commission.

KKR commits $335mn with CleanPeak Energy to support solar distribution in Australia

Investment fund KKR is committing $335mn in a strategic partnership with CleanPeak Energy to accelerate the rollout of solar, storage and microgrid solutions aimed at Australian businesses.
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Bluebird Solar launches major investment to double its capacity in India

Bluebird Solar is initiating a significant investment plan in Greater Noida to increase its production capacity to 2.5 GW and integrate automated lines powered by artificial intelligence.

TotalEnergies ENEOS completes rooftop solar power plant with TechnipFMC in Malaysia

TotalEnergies ENEOS has commissioned a 680-kilowatt photovoltaic facility at TechnipFMC’s Johor Bahru site, supplying 20% of the factory’s energy needs under an 18-year power purchase agreement.