SolarQuarter Global’s Post

ACCIONA Energía has signed a 12-year Contract for Difference (CfD) with Croatian Energy Market Operator (HROTE) for the 189MWp Promina photovoltaic plant, currently under development in Šibenik-Knin, southern Croatia. Slated to be Croatia’s largest solar plant upon its 2027 completion, Promina will feature over 300,000 photovoltaic modules generating 320GWh annually, sufficient to power around 69,000 homes and prevent 140,000 tonnes of CO2 emissions each year. Don't miss the most important daily news about emerging energy innovations, and new fast-growing markets. Subscribe to: 𝐈𝐁𝐂𝐄𝐍𝐓𝐑𝐄 𝐈𝐍𝐒𝐈𝐃𝐄𝐑: https://lnkd.in/geuhTh-M #SolarEnergy #RenewableEnergy #Croatia #PhotovoltaicPlant #CleanEnergy #GreenEnergy #SustainableEnergy #EnergyTransition #ClimateAction #CO2Reduction https://lnkd.in/gyyusbUQ

J6 Energia Renovavel Unveils Four Solar Power Plants in Trindade Municipality, Brazil J6 Energia Renovavel, a leading Brazilian renewable energy company, has recently inaugurated four distributed generation (DG) solar power plants in Trindade municipality, located in the state of Goias. Collectively named LIMIRIM, these solar systems boast a combined capacity of 5 MW, capable of generating clean electricity to fulfill the energy needs of approximately 500 households, as confirmed by local government officials. In addition to the solar power plants, J6 Energia Renovavel has outlined plans for further investments in the municipality. Notably, the company intends to establish a battery production factory, contributing to the region’s renewable energy infrastructure. Fernanda Forbeck de […] Read the full story here: https://lnkd.in/d8eakBfu #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #brazil #j6energiarenovavel #latinamerica #renewableenergy #solarenergy #southamerica

Energy Transition in Action: Key Takeaways from JCM’s 2023 Initiatives In 2023, advancing renewable energy projects, the Joint Crediting Mechanism (#JCM) financed over 25 projects in 9 JCM partner countries. Highlighting a #BESS project to be added to a #solarproject in operation, with its impressive scale of 196MWh of #storage, stands as a testament contributing to Chile’s commitment to resolving curtailment issues in the #renewableenergy sector and also managing to reduce 17,975 tCO2-eq./year. Additionally in #Chile, last year the '26.3MW Solar Power and 48MWh Storage Battery Project Utilizing Farmland in the Metropolitan Area and O’Higgins Region.' This project generates #solarenergy and integrates #batterystorage solutions to enhance grid stability and avoid #curtailment. This combination will allow for an annual reduction of 20,197 tons of CO₂. Another remarkable project last year included the first JCM Model Project in Tunisia a Solar Power Expansion with the implementation of two major solar projects in the Sidi Bouzid and Tozeur regions, each with a capacity of 50MW. These projects are set to collectively reduce CO₂ emissions by nearly 95,258 tons annually. All 2023 projects combined are expected to reduce a total of 763,193 tons of CO₂ annually. For more about JCM or BESS projects, please visit: https://bit.ly/4a8YpyV

Grenergy Renovables is set to expand its Oasis de Atacama project in Chile after acquiring 1 GW of solar capacity from Repsol and Ibereólica. The deal is valued at $128 million and will enable Grenergy to significantly scale up both the battery storage and solar generation capacities of the flagship project. Upon completion, the battery storage capacity will increase from 4.1 GWh to 11 GWh, and the solar PV generation capacity will double from 1 GW to 2 GW. David Ruiz de Andrés, Executive Chairman of Grenergy, commented: "This is just the first step of what is to come. Battery investments are going to multiply globally, and this project will allow us to be a benchmark in the sector." The acquisition includes a 77 MW solar project and 923 MW of photovoltaic projects at various stages of development. Additionally, a 1 GW interconnection line is already constructed and operational, simplifying the connection of the new projects under development. Located in Chile, Oasis de Atacama is expected to generate around 5.5 TWh of energy annually, which will be supplied during non-solar hours. The project is advancing as planned, with the first phase expected to be operational by the end of 2024. The remaining phases are projected to come online between 2025 and 2026. Grenergy has already secured agreements to sell the energy generated from the first four phases, with further negotiations in advanced stages for the remaining phases. #cleanenergy

clearvise AG Expands Renewable Energy Portfolio with Acquisition of Italian Solar Park Clearvise AG, an independent electricity producer focusing on renewable energies across Europe, has announced the signing of a purchase agreement for an Italian solar park. The 16.1 MWp solar park is slated to be constructed on an industrial site in Sardinia, with development already in advanced stages. Construction is expected to reach completion in the first quarter of 2025. This acquisition marks the realization of the first project from the clearPARTNERS development cooperation, initiated in December 2023, which encompasses five projects with a combined planned capacity of approximately 125 MWp. Notably, the development pipeline spans four of Italy’s seven electricity […] Read the full story here: https://lnkd.in/gweA7Up6 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #clearviseag #europe #italy #renewableenergy #solarenergy

In a recent interview to Intersolar, I had the opportunity to discuss the current opportunities and challenges facing the Portuguese market for photovoltaics (PV) and renewable energies. Direct electrification of energy consumption from renewable sources is the most cost-effective, inclusive, democratic, and sustainable way to significantly combat climate change. It also ensures energy security and independence. Licensing and grid capacity remain significant challenges. We need to streamline licensing processes and expand grid capacity to accommodate new projects, which are currently facing long wait times. We must integrate renewables into our landscapes and provide clarity on the regulatory framework to avoid resistance from local communities and ensure smooth implementation of projects. The current market design, which bases electricity prices on the short-term price of natural gas, is unsuitable for non-dispatchable renewable energy sources like solar and wind. We need market-based solutions, such as standardized PPAs, and sovereign guarantees for consumers’ creditworthiness. Reliable regulation is essential for incentivizing private sector investment. We need to ensure bankability for projects and promote hybrid systems using wind, solar, and batteries. Only 20% of available rooftop areas in Portugal are used for PV. We need to develop energy communities and provide financial tools to encourage rooftop solar installations. The market for battery storage is developing slowly due to insufficient support and regulatory issues. We need incentives for behind-the-meter applications and a clear regulatory definition for stand-alone batteries. Looking ahead, we hope to add another 3 to 4 GW of solar capacity in the next 2 to 3 years, aiming for 15 GW at utility scale and 5 GW in self-consumption by 2030. Even achieving just 50% of this target would be a significant step forward. Read the full interview here 🔗 https://lnkd.in/dFDfir7n #renewableenergy #energytransition #renewables #photovoltaics #solarenergy #windpower #cleanenergy #offshorewind

Boviet Solar Invests $294 Million in North Carolina: First Manufacturing Facility in North America Signals Growth in U.S. Solar Industry Boviet Solar Technology Co. Ltd., a leading Vietnamese solar energy technology company specializing in monocrystalline PV cells, announces its decision to establish its inaugural production facility in North America, specifically in Greenville, Pitt County, North Carolina. The facility, representing a $294 million investment, is set to create approximately 908 skilled local jobs and bolster the region’s economy. The company’s move signifies its commitment to the U.S. solar market and aims to meet the growing demand for renewable energy solutions. Boviet Solar’s expansion into North Carolina follows its successful track record of PV cell and module production in Vietnam. The manufacturing […] Read the full story here: https://lnkd.in/d7PqzKSS #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #bovietsolar #northcarolina #northamerica #renewableenergy

Only a few more weeks until our second biggest event will take place in Sao Paulo and unite Latin America's important renewable players! Find out more about the hottest topics and what to expect at the exhibition and conference from August 27-29, 2024 #renewables #solar #storage #emobility #energymanagement #brazil

GreenYellow Spearheads Major Solar Self-Consumption Project in France with €73 Million Financing GreenYellow, in collaboration with its subsidiary Reservoir Sun, has successfully secured a significant financial deal for the development and construction of 92 solar photovoltaic power plants across France. The ambitious project, partnered with Bpifrance, Caisse d’Epargne Ile-de-France, and Caisse d’Epargne CEPAC, amounts to a total of €73 million and aims to bolster France’s capacity for solar self-consumption with a combined power output of 73 MWp. Marking a historic moment in financing for renewable energy in France, this operation underscores the growing interest in decentralized solar power among businesses and financial institutions. Notably, 70% of the funded projects will focus on […] Read the full story here: https://lnkd.in/d3xs9TRa #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #cepac #europe #france #greenfinance #greenyellow #solarenergy

Exciting news from the renewable energy sector! Greek energy company Mytilineos has inked two game-changing 10-year Power Purchase Agreements (PPAs) with Keppel DC REIT, a leading Singapore-based data centre REIT. In a groundbreaking move, Mytilineos will supply clean, renewable energy from its solar projects in Ireland to energize Keppel DC REIT's data centres in Dublin. With a collective capacity of 14.28 MW, these PV projects in Gorey and Goresbridge are set to slash over 6,250 tons of CO2 emissions annually upon completion this summer. Nikos Papapetrou, Executive Director of Mytilineos' M Renewables unit, highlighted the significance of this milestone as the company's inaugural PPA venture in Ireland. With renewables now accounting for 92% of the combined power needs for Dublin's data centres, these PPAs mark a pivotal step towards a greener, more sustainable future. Greece’s Mytilineos signs 10-year PPAs in Ireland: https://lnkd.in/e5pvMQxg #RenewableEnergy #Sustainability #CleanTech #DataCenter #GreenFuture #SolarPower