Author: Arnes Biogradlija

Canadian Solar has reached a financial close of its 126 MWp Tastiota project in the state of Sonora, Mexico. Sumitomo Mitsui Banking Corporation (SMBC) offered the non-recourse financing package, arranged by Canadian Solar. SMBC served as Sole Structuring Bank and Mandated Lead Arranger in the deal. The Tastiota financing package consists of a $67 million senior loan, a $15 million letter of credit facility and a $12 million VAT facility for the construction and operation phase of the project. Following the sale in November 2019 of the 49 percent stake in the 370 MWp portfolio of Mexican projects to Korea Electric…

Azelio has joined CALSSA – California Solar & Storage Association, further strengthening its presence in California. The association is the largest state renewable energy company organization with more than 550 member companies. “California is one of the largest and most successful solar markets in the world, where we also see a strong interest in our energy storage solution. By joining CALSSA we show our commitment to building a strong regional platform and becoming part of the community.”Jonas Eklind, CEO Azelio. “We warmly welcome Azelio into CALSSA. California embraces all forms of solar energy and energy storage into our vibrant, competitive, and…

Eolus has signed an agreement with Cubico Sustainable Investments (Cubico) on the sale of Wind Wall 1 wind farm located near Tehachapi, California, USA, with an installed capacity of 46.5 MW. Wind Wall 1 is the first wind project developed, financed and installed in the USA by Eolus, and Eolus will pass the project company to Cubico at the time of its closure. The project is funded by a 15-year contract for the procurement of power with the funding of construction by Eolus. Construction is well advanced and Wind Wall 1 is scheduled to be commissioned in fall of 2020.…

Australia and Germany have signed an agreement to expand the capacity of Australian hydrogen exports to Europe. Australian hydrogen could allow Germany to decarbonize its energy supply after the two governments agreed to examine the feasibility of establishing a hydrogen supply chain. The plan could provide a roadmap for Germany to meet its emission reduction goal of 55 per cent by 2030 as part of the longer-term net zero emission goal by 2050. With minimal renewable energy supplies and the highest electricity consumption in Europe, Germany has cut its efforts to meet the emission reduction targets and is searching for…

Australian Renewable Energy Agency (ARENA) is funding Australian startup SunDrive with $3 million to advance the commercial production of their low-cost , high-efficiency solar manufacturing process. The $9 million project will also see their technology scaled from an industrial-sized cell to a commercial-sized module that could be used on household rooftops. A small scale automated production line prototype will also be built, with the eventual goal of manufacturing the technology in Australia. The use of silver is a key barrier to the broader adoption of next generation solar cell technologies. Globally, solar production is now expected to account for 20…

The Nordex Group has issued a big order to supply 62 N149/4.0-4.5 turbines for the US wind farm. Machines will be delivered in 4.8 MW operating mode. The 297 MW wind farm will be installed in the Midwest of the United States, and construction work is expected to begin in the spring of 2021, with commissioning expected for the end of the same year. The project and the client are not disclosed.

Siemens Energy and Siemens Mobility have signed a Memorandum of Understanding (MOU) to jointly build and supply hydrogen systems for trains. The agreement was signed by Albrecht Neumann, CEO of Rolling Stock at Siemens Mobility, and Armin Schnettler, Executive Vice President of New Energy Business at Siemens Energy. The project aims to jointly establish holistic hydrogen solutions for rail transport and to sell them to customers in order to encourage the hydrogen economy in Germany and Europe and to facilitate decarbonization in the mobility market. “The decarbonization of energy systems is a central goal of Siemens Energy. So-called sector coupling…

MHI Vestas Offshore Wind has been chosen as the preferred supplier of wind turbines for the EolMed floating project and will supply three V164-10.0 MW turbines. The development of floating offshore winds in France took another step forward, as Qair (formerly known as Quadran Énergies Marines) tapped MHI Vestas Offshore Wind to supply three V164-10.0 MW turbines for the EolMed pilot project. The project will add to the unique V164 cumulative experience, as the floating offshore wind industry sets its sights on commercial developments over the next decade. This will be the second floating project to carry the nominal power…

Neoen has signed a power purchase agreement with CleanCo Queensland for 110 MW of wind power. This is the second agreement signed this year between the two companies following the signing of a 352 MWp power purchase agreement for Western Downs Green Power Hub, Australia’s largest solar farm. The contract will allow Neoen to construct the 157 MW Kaban wind farm near the town of Ravenshoe, 80 kilometers southwest of Cairns, Australia, to supply renewable energy to the Powerlink Queensland transmission network. The wind resource in the Far North of Queensland produces an electricity profile that is distinct and highly complementary…

Petrofac’s Engineering and Production Services (EPS) business has been awarded the first ever Green Hydrogen Front End Engineering Design (FEED) contract for the landmark Arrowsmith hydrogen project, which will become Australia’s largest commercial green hydrogen complex. The contract represents a major strategic step in Petrofac’s continued growth of new and renewable energy and quickly follows its recently announced awards and collaborations to support carbon capture storage and hydrogen projects in the UK and abroad. Last month, the company made a pledge to reach Net Zero emissions by 2030, with its EPS sector projected to reach Net Zero by 2025. Awarded…