Finance

Teralight has signed a 23-year power purchase agreement (PPA) for 108 MW/433 MWh of solar-plus-storage capacity. It will sell electricity to Dalia Power Energies under a tariff linked to the Israeli Electricity Authority’s regulated production tariffs.

As the global North ponders e-mobility dilemmas such as how to source sufficient materials to meet electric car demand, fresh evidence has emerged of how solar can decarbonize transport and farming in Africa.

With an overall investment cost of US$182 million, the Kom Ombo plant is expected to be commercially operational in January 2024.

Solegreen plans to deploy 210 MW/470 MWh of solar-plus-storage in Israel, through a project selected by the Israeli authorities in a 2020 tender. The facilities will sell power at ILS 0.1715 ($0.0459)/kWh.

Engie has acquired 350 MW of operating storage assets and 880 MW of assets under construction from US battery specialist Broad Reach Power, with commissioning of the latter assets expected by the end of 2024.

Donations of cash and solar equipment have thrown a lifeline to schools, hospitals, and communities in Ukraine but the country needs much more, including long-term backing for the recovery of its industry, reports Ian Skarytovsky.

TotalEnergies has increased its stake in Total Eren from 30% to 100%, a transaction that values the independent power producer at €3.5 billion ($3.8 billion).

Extensive load-shedding, lack of grid capacity, failing coal-fired power stations, lack of progress in clean power procurement, and even vandalism have prompted various South African government departments to take renewables generation into their own hands, seemingly without any overarching plan, as Bryan Groenendaal reports.

Teralight, via its Solar Tech subsidiary, plans to install new solar fences, rooftops, walls and aquaculture PV projects across Israel. The projects will be built in dozens of villages.

The Qatar Investment Authority (QIA) has acquired a 2.7% stake in Adani Green Energy. It purchased 42,604,601 shares at a price of INR 920 ($11.10) per share.