Connection

popular articles

TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board
Green hydrogen revolution: the EU’s energy turnaround
French start-up Hopium: Heavy losses for hydrogen fuel cells
Expanding Energy Storage: Challenges and Solutions for 2030
Biofuels industry prioritizes ESG-based decision making

SolarBank sells four solar projects to Qcells for USD 49.5 million

SolarBank announces the sale of four solar projects to Qcells, accompanied by a construction contract. This strategic transaction highlights the political and economic dynamics surrounding solar energy and domestic manufacturing in the United States.

Please share:

SolarBank Corporation (NASDAQ: SUUN) confirmed the sale of four solar projects located in New York State to Qcells, a subsidiary of Hanwha Solutions. These projects, with a combined capacity of 25.577 MW, will be constructed by SolarBank under an engineering, procurement, and construction (EPC) contract included in the transaction, valued at USD 49.5 million.

Transaction aligned with national priorities

This announcement aligns with the United States’ efforts to reduce reliance on foreign supply chains in the renewable energy sector. The modules used for these projects will be manufactured locally, reflecting industrial policy favoring strengthened domestic production.

Qcells’ investment, estimated at nearly USD 2.8 billion to support the solar supply chain in the United States, underscores a strategic shift in the solar industry. This project falls under national priorities aimed at securing critical supply chains and accelerating the energy transition.

Economic model and local prospects

The projects will be developed as community solar plants, allowing local subscribers, including individuals and businesses, to save on their energy bills without needing to install panels. This economic model supports energy inclusion policies and the adoption of low-carbon solutions in communities.

Additionally, the projects are expected to qualify for incentives from the New York State Energy Research and Development Authority (NYSERDA) through the NY-Sun program, a key mechanism for renewable energy development in the state.

Political and industrial impacts

This transaction highlights the growing interaction between U.S. energy policy and private initiatives. The partnership between SolarBank and Qcells reflects strategic alignment with government priorities aimed at onshoring solar equipment manufacturing. These initiatives seek to reduce vulnerabilities related to imports while boosting investment in the domestic industry.

The implementation of these projects will also generate local economic opportunities, creating jobs in construction and maintenance while strengthening regional energy autonomy.

Register free of charge for uninterrupted access.

Publicite

Latest news

Brazil accelerates investments in rare earths despite market uncertainty
Samsung E&A acquires 9.1% of Nel ASA and signs a strategic agreement
Cameroon plans two new gas power plants totaling 500 MW
Thomassen Amcot Holdings acquires a 160 MW steam turbine from TC Energy
Scatec begins commercial operation of 60 MW at the Mmadinare solar project

Recently published in

Scatec begins commercial operation of 60 MW at the Mmadinare solar project

Scatec ASA has launched the commercial operation of the first 60 MW phase of the Mmadinare solar complex in Botswana. This 120 MW project is based on a 25-year power purchase agreement with Botswana Power Corporation.
Korkia sells the Mere Flats solar project to a NextEnergy Capital fund
Korkia has completed the sale of the Mere Flats solar and energy storage project to a fund managed by NextEnergy Capital. Located in South Yorkshire, this 56 MWp solar and 16 MW battery site is the first in Korkia’s UK portfolio to reach the ready-to-build stage.
en_1140290949540-9
Korkia sells the Mere Flats solar project to a NextEnergy Capital fund
Korkia has completed the sale of the Mere Flats solar and energy storage project to a fund managed by NextEnergy Capital. Located in South Yorkshire, this 56 MWp solar and 16 MW battery site is the first in Korkia’s UK portfolio to reach the ready-to-build stage.
en_1140290949540-9
X-ELIO secures six power purchase agreements in the United States
X-ELIO has signed six power purchase agreements with a total capacity of 172 MW with Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation. These 12-year contracts are linked to the Star Dairy and Rosebud projects, scheduled to begin operations in 2027.
en_1140290950540-9
X-ELIO secures six power purchase agreements in the United States
X-ELIO has signed six power purchase agreements with a total capacity of 172 MW with Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation. These 12-year contracts are linked to the Star Dairy and Rosebud projects, scheduled to begin operations in 2027.
en_1140290950540-9
United States sets new record with 50 GW of installed solar capacity
In 2024, the United States added 50 gigawatts (GW) of solar power to its grid, marking the largest single-year addition of capacity by any energy technology over the past two decades.
en_1140290957540-8
United States sets new record with 50 GW of installed solar capacity
In 2024, the United States added 50 gigawatts (GW) of solar power to its grid, marking the largest single-year addition of capacity by any energy technology over the past two decades.
en_1140290957540-8

Tata Power commits INR 49,000 crore for 7 GW projects in Andhra Pradesh

Tata Power's renewable subsidiary finalizes agreement to develop 7 GW of hybrid energy projects in Andhra Pradesh, marking one of India's largest sector investments in the state.
Australia to face 1.16 million tonnes of solar waste by 2035
Australia will accumulate over one million tonnes of obsolete solar panels by 2035, driven by widespread photovoltaic adoption, creating significant industrial challenges related to waste management within the sector.
en_1140290944540-8
Australia to face 1.16 million tonnes of solar waste by 2035
Australia will accumulate over one million tonnes of obsolete solar panels by 2035, driven by widespread photovoltaic adoption, creating significant industrial challenges related to waste management within the sector.
en_1140290944540-8
Louth Callan Renewables wins 213 MW solar project contracts in Delaware
Louth Callan Renewables, a U.S.-based engineering and construction company, has secured two solar power contracts totaling 213 megawatts in Delaware, expanding its strategic presence in the competitive Mid-Atlantic solar market.
en_1140290951540-8
Louth Callan Renewables wins 213 MW solar project contracts in Delaware
Louth Callan Renewables, a U.S.-based engineering and construction company, has secured two solar power contracts totaling 213 megawatts in Delaware, expanding its strategic presence in the competitive Mid-Atlantic solar market.
en_1140290951540-8
France: CRE calls for tariff adjustments to stabilize the market
The French Energy Regulatory Commission has requested government modifications to new tariff provisions aimed at small photovoltaic installations to prevent economic instability for sector professionals.
en_1140290947540-8
France: CRE calls for tariff adjustments to stabilize the market
The French Energy Regulatory Commission has requested government modifications to new tariff provisions aimed at small photovoltaic installations to prevent economic instability for sector professionals.
en_1140290947540-8

South America will add 160 GW of solar capacity by 2034

South America is set to add 160 GW of solar photovoltaic capacity between 2025 and 2034, driven by energy diversification, growing electricity demand, and favourable system economics. Emerging markets complement this growth despite challenges related to infrastructure and transmission costs.
Svea Solar secures land for 500 MW of solar parks in Sweden
Svea Solar has signed multiple land agreements to develop eight solar parks in Sweden, totaling a capacity of 500 MW. The projects will be spread across the central region and southern Norrland, with construction set to begin in 2026.
en_1140290957540-6
Svea Solar secures land for 500 MW of solar parks in Sweden
Svea Solar has signed multiple land agreements to develop eight solar parks in Sweden, totaling a capacity of 500 MW. The projects will be spread across the central region and southern Norrland, with construction set to begin in 2026.
en_1140290957540-6
TotalEnergies abandons a solar project in French Guiana due to lack of public support
TotalEnergies has ended the Maya solar power plant project in French Guiana, initiated in 2019 to stabilise the local energy supply. The company cites a lack of public support, as the revision of France’s energy planning is underway.
en_1140290945540-6
TotalEnergies abandons a solar project in French Guiana due to lack of public support
TotalEnergies has ended the Maya solar power plant project in French Guiana, initiated in 2019 to stabilise the local energy supply. The company cites a lack of public support, as the revision of France’s energy planning is underway.
en_1140290945540-6
New Energy Equity collaborates with Harlem School District on 5.54 MWdc community solar project
New Energy Equity partners with Harlem School District, Illinois, to develop a 5.54 MWdc community solar project, providing economic and energy benefits to local schools and residents in the Commonwealth Edison service area.
en_1140290948540-5
New Energy Equity collaborates with Harlem School District on 5.54 MWdc community solar project
New Energy Equity partners with Harlem School District, Illinois, to develop a 5.54 MWdc community solar project, providing economic and energy benefits to local schools and residents in the Commonwealth Edison service area.
en_1140290948540-5

France readjusts photovoltaic targets in energy roadmap

France puts its energy roadmap out for final consultation by early April 2025. Adjustments to photovoltaic targets are expected, following feedback from consultations launched at the end of 2024.
TotalEnergies ENEOS launches its first solar rooftop project at SteelAsia in the Philippines
TotalEnergies ENEOS has commissioned a 1.9 MWp solar rooftop photovoltaic system at SteelAsia’s Meycauayan facility in the Philippines. This project is part of the steelmaker’s decarbonisation strategy.
en_1140290952540-3
TotalEnergies ENEOS launches its first solar rooftop project at SteelAsia in the Philippines
TotalEnergies ENEOS has commissioned a 1.9 MWp solar rooftop photovoltaic system at SteelAsia’s Meycauayan facility in the Philippines. This project is part of the steelmaker’s decarbonisation strategy.
en_1140290952540-3
Jakson Engineers supplies 100 MW of solar modules to GIPCL and announces major expansion
Jakson Engineers Limited has delivered 100 MW of photovoltaic modules to Gujarat Industries Power Company Limited for its 2,375 MW energy park in Gujarat. The company also plans to invest INR 2,000 crore in a new 2.5 GW solar cell manufacturing facility.
en_1140290958540-18
Jakson Engineers supplies 100 MW of solar modules to GIPCL and announces major expansion
Jakson Engineers Limited has delivered 100 MW of photovoltaic modules to Gujarat Industries Power Company Limited for its 2,375 MW energy park in Gujarat. The company also plans to invest INR 2,000 crore in a new 2.5 GW solar cell manufacturing facility.
en_1140290958540-18
RWE commissions its first solar plant in Italy, supplying 7,000 Sicilian homes
RWE has inaugurated an 8.3 MW solar plant in Partinico, Sicily, capable of supplying electricity to 7,000 Italian households. This project marks the company’s entry into the Italian solar market.
en_1140290949540-17
RWE commissions its first solar plant in Italy, supplying 7,000 Sicilian homes
RWE has inaugurated an 8.3 MW solar plant in Partinico, Sicily, capable of supplying electricity to 7,000 Italian households. This project marks the company’s entry into the Italian solar market.
en_1140290949540-17

First Solar reports strong 2024 financial results and optimistic forecast for 2025

First Solar, Inc. announced net sales of $4.2bn for 2024 and forecasts a significant increase in 2025, with projections ranging from $5.3bn to $5.8bn.
Cypress Creek Renewables and Meta sign agreement for a 396 MW solar plant in Texas
Cypress Creek Renewables and Meta have signed an agreement to build a 505 MWdc solar plant in Texas, aimed at powering Meta’s operations with clean energy.
en_1140290952540-17
Cypress Creek Renewables and Meta sign agreement for a 396 MW solar plant in Texas
Cypress Creek Renewables and Meta have signed an agreement to build a 505 MWdc solar plant in Texas, aimed at powering Meta’s operations with clean energy.
en_1140290952540-17
Risen achieves 30.99% efficiency with its HJT-perovskite tandem solar cells
Risen has reached a milestone with 30.99% efficiency using its HJT-perovskite tandem solar cells, marking a major advancement in solar panel performance and durability.
en_1140290946540-17
Risen achieves 30.99% efficiency with its HJT-perovskite tandem solar cells
Risen has reached a milestone with 30.99% efficiency using its HJT-perovskite tandem solar cells, marking a major advancement in solar panel performance and durability.
en_1140290946540-17
Uniper launches two solar projects in Great Britain with a capacity of 65 MWp
Uniper has begun construction of two solar farms in Staffordshire. These projects, with a combined capacity of 65 MWp, will provide renewable electricity to approximately 23,300 British households each year.
en_1140290956540-16
Uniper launches two solar projects in Great Britain with a capacity of 65 MWp
Uniper has begun construction of two solar farms in Staffordshire. These projects, with a combined capacity of 65 MWp, will provide renewable electricity to approximately 23,300 British households each year.
en_1140290956540-16

Inauguration of the Kwita Wije Power Plant in New Caledonia by Manuel Valls

The Minister for Overseas Territories, Manuel Valls, inaugurated the Kwita Wije power plant in Boulouparis, a facility combining solar power generation and energy storage, aimed at enhancing New Caledonia's energy autonomy.
Adani Green Energy commissions 250 MW solar plant in Rajasthan
Adani Green Energy Limited (AGEL) has commissioned a 250 MW solar power plant in Jaisalmer, Rajasthan, bringing its total operational renewable energy capacity to 11,916.1 MW.
en_1140290950540-15
Adani Green Energy commissions 250 MW solar plant in Rajasthan
Adani Green Energy Limited (AGEL) has commissioned a 250 MW solar power plant in Jaisalmer, Rajasthan, bringing its total operational renewable energy capacity to 11,916.1 MW.
en_1140290950540-15
Duke Energy Florida invests $521 million in four new solar sites
Duke Energy Florida plans to invest $521 million in the development of four new solar sites across Madison, Sumter, Hernando, and Jefferson counties, aiming to add nearly 300 megawatts to the power grid by summer 2026.
en_1140290949540-15
Duke Energy Florida invests $521 million in four new solar sites
Duke Energy Florida plans to invest $521 million in the development of four new solar sites across Madison, Sumter, Hernando, and Jefferson counties, aiming to add nearly 300 megawatts to the power grid by summer 2026.
en_1140290949540-15
Lightsource bp signs 10 power purchase agreements totalling 1.3 GW in 2024
Lightsource bp has signed 10 power purchase agreements in 2024, representing 1.3 gigawatts of capacity, spanning Europe, the Americas, and the Asia-Pacific region.
en_1140290955540-15
Lightsource bp signs 10 power purchase agreements totalling 1.3 GW in 2024
Lightsource bp has signed 10 power purchase agreements in 2024, representing 1.3 gigawatts of capacity, spanning Europe, the Americas, and the Asia-Pacific region.
en_1140290955540-15

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS