The energy companies have signed a partnership agreement to expand their portfolios on the Iberian peninsula. Spain and Portugal have ambitious decarbonization plans requiring large capacities of renewable energy resources in the years to come. Spain’s PV market could reach 6 GW this year.
The CEO of Masdar has reportedly told Reuters of his company’s ambition and said it would partly be achieved by developing projects in new territories.
A Memorandum of Understanding (MOU) has been signed by Masdar, the Abu Dhabi Future Energy Company, and EDF SA, the parent company of the EDF Group, to develop off-grid projects in sub-Saharan African countries.
The Finnish financial services provider will also participate in the construction of the solar park alongside the majority shareholder, UAE-based solar developer, Masdar.
Abu Dhabi-based clean energy group Masdar has signed a project development agreement with a unit of Indonesian state utility PT PLN to build a 200 MW floating solar plant.
The French power utility will join forces with a consortium led by Abu Dhabi-based developer Masdar to build the third 800 MW phase of the largest PV project in the UAE.
Solar has started playing an important role in the developing world, but the pace of investment needs to step up. Is there enough financing for projects in the developing markets and if not, what needs to be done?
BYD has announced plans for major expansion in the Middle East region, including the construction of a 200 MW PV power plant. The project is expected to feature a storage application and aims to raise the company’s profile in the region.
Construction of the mega 800 MW phase 3 of the Mohammed bin Rashid Maktoum Solar Park is set to commence at the end of the month, after a consortium led by GranSolar was chosen as the EPC contractor on the project, which, once completed, will be the largest solar plant on a single plot.
An emerging topic in today’s discussions for renewable energy is the extent to which decentralized structures of energy replace the old centralized systems. pv magazine captures the debate.
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