Canadian asset management co. agrees to acquire Brazil’s largest PV product distributor
The transaction should be finalized by the end of the month, with the deal amounting to a $320 million equity investment.
The trillions spent by G20 nations on fossil fuels between 2015 and 2019 could have paid for more than 4 TW of solar at today’s prices
Polluting energy sources received more than $3 trillion from the EU and 19 of the world’s largest national economies over that four-year period, despite G20 members having pledged to phase-out fossil fuel subsidy and address climate change back in 2009.
Canadian Solar raises $100m to fund projects in Brazil
Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.
Brazil’s recent energy auctions
Solar developers only had limited success in Brazil’s latest energy auctions, with relatively higher prices for PV. Several analysts spoke to pv magazine about the results of the procurement exercises.
Huge Vietnamese solar park could hit 2.8 GW within a year
An energy transition investment report published this week has also revealed the former world record low price for solar power announced by the Al Dhafra project in Abu Dhabi last year, has fallen even lower since.
New PV system assembly factory in Brazil
The factory will be located in the state of Ceará and is expected to begin manufacturing activities in 2022.
Brazil allocates 269.3 MW of solar across two energy auctions
The A-4 and A-3 auctions saw the participation of a huge amount of solar, wind, hydroelectric, and biomass projects.
New renewables cheaper than legacy coal or gas for almost half the world’s population
Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.
Brazil passes 9 GW of PV capacity
Brazil has installed 1 GW of new PV capacity in the past month alone. The distributed-generation solar segment and bilateral PPAs for large-scale PV plants are driving the market.
Brazil’s first hybrid wind-solar project
Votorantim Energia and the Canada Pension Plan Investment Board have decided to invest US$35 million in the 68.9 MWac project.
