Latest news with #solarPower
Bloomberg
4 days ago
- Business
- Bloomberg
Renewable Firm Boralex to Invest $5 Billion to Double Output
Canadian renewable power firm Boralex Inc. plans to invest as much as C$6.8 billion ($5 billion) to more than double its production output even as it takes a more cautious stance in the US. Chief Executive Officer Patrick Decostre said the Montreal-based company will boost its installed capacity from 3.2 gigawatts currently to about 7 gigawatts by 2030. The increase will be driven by solar and wind power, as well as battery storage projects in Canada, France, the UK and the US. The firm expects to spend another C$1.2 billion after 2030 to reach 8 gigawatts.
Zawya
5 days ago
- Business
- Zawya
UAE's AMEA Power reaches financial close for Egypt's first utility-scale BESS project
UAE-based renewable energy company AMEA Power announced on Monday the financial close of Egypt's first ever utility-scale Battery Energy Storage System (BESS) project. The 300MWh [megawatt-hour] BESS project is an extension of AMEA Power's operational 500-megawatts (MW) Solar PV Plant in Kom Ombo, Aswan Governorate that was commissioned in December 2024. The BESS project will receive a $72 million debt package from IFC, which will finance the integration of the project into the existing plant, AMEA Power said in a press statement. It said the project was constructed in a record time of approximately six months from the signing of the project documents, and is scheduled to be commissioned in July 2025. IFC and AMEA Power have previously collaborated on the 500MW Amunet Wind Farm in Ras Ghareb, Egypt and a 120MWp solar PV plant in Metbassta, Tunisia. On Monday, Norway-headquartered renewable energy company Scatec ASA announced that it has reached financial close for the Obelisk hybrid solar and battery energy storage system (BESS) project in Egypt. (Writing by SA Kader; Editing by Anoop Menon) (
Zawya
12-06-2025
- Business
- Zawya
DEWA's R&D Centre accredited by Emirates International Accreditation Centre in accordance with ISO/IEC 17025:2017 standard
Dubai, UAE: The Research and Development (R&D) Centre of Dubai Electricity and Water Authority (DEWA) has been accredited by the Emirates International Accreditation Centre (EIAC), in line with the requirements of the ISO/IEC 17025:2017 standard. This standard, developed by the International Organisation for Standardization (ISO) and the International Electrotechnical Commission (IEC), establishes the criteria for the competence of testing and calibration laboratories. The accreditation covers various aspects of photovoltaic (PV) module testing, including maximum power determination, stabilisation, insulation, endurance and reverse current overloads. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, received the accreditation certificate from Amina Ahmed Mohammed, CEO of EIAC, in the presence of Waleed bin Salman, Executive Vice President of Business Development and Excellence, and a group of DEWA's R&D officials. 'We contribute to strengthening the constructive role of the UAE in the transition to clean and renewable energy, as well as the achievement of net zero, by supporting the expansion of solar power infrastructure in the UAE and Dubai, thereby improving the efficiency of solar PV systems and promoting the adoption of research, innovation and the latest technologies for the development of the renewable energy sector. This is in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of the emirate's energy production capacity from clean sources by 2050. We have come a long way towards sustainable growth and the adoption of the latest solar power technologies through the implementation of leading projects. The most notable of these is the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, which has a planned production capacity of 7,260MW by 2030 and uses state-of-the-art solar PV panels and concentrated solar power technologies. We are proud of DEWA's R&D Centre which has registered 14 patents so far. Through its world-class laboratories, the Centre contributes to the development and implementation of innovative solutions in future energy – with the goal of improving the overall integration of solar into DEWA's grid and within the UAE in general,' said Al Tayer. Bin Salman said: 'Solar power is a key research area activity at the R&D Centre, with the aim of studying ways to enhance solar photovoltaic technologies to mitigate the effects of soiling and extreme desert conditions on the performance of solar PV panels, as well as test their long-term reliability and develop appropriate standards.'
Forbes
08-06-2025
- Politics
- Forbes
What The Spanish Blackout Says About Renewable Energy In The U.S.
Commuters milling around the darkened Madrid-Chamartin station on April 28, 2025. Like most Americans, with the exception of a soccer match every now and then, I could give a flying handshake about what's happening day-to-day on the Iberian Peninsula. However, the recent blackout, which shut off power to over 55 million people in three countries within five seconds, caught my attention for its implications for the future of renewable energy in the U.S. Renewables promise ample electricity with a low carbon footprint and a low price point, especially compared to coal, so it is no wonder that wind and solar have seen such a huge growth in capacity over the last generation. Note how quickly the green wedge representing wind power grows starting at around the turn of the ... More century. Solar growth started about 10 years late but is on the same trajectory. Critics of renewables will rightly point out that renewables are cheap as long as battery storage is not included in their price, and the sudden collapse of an entire electric grid for 12 hours incurs a staggering economic burden that should be priced into cost calculations. Supporters of renewables argue that the problem is not renewables themselves, but insufficient or outdated control, distribution and storage equipment on the grid. If we spend more money on storage and transmission, everything will be hunky-dory. My intuition was that both arguments held water. Critics are right to include the cost of storage to the low cost of renewables because electricity is an on-demand commodity--it must be there even when the sun is not shining and the wind is not blowing. That said, supporters are right that including the long-term cost of further unbalancing the planet's natural carbon cycle, the 'low' cost of continued fossil fuel consumption is an illusion. Since the blackout, which occurred at the end of April, I've been speaking with Dr. Lorenzo Kristov, one of the world's top experts on grid architecture, and combing through reams of articles on power engineering. I concluded that both critics and supporters of renewable energy are wrong. Both sides are trying to fix current problems with the same mindset that created the problems in the first place: Industrial Revolution thinking. The Industrial Revolution paradigm centralizes production and relies upon long and ultimately fragile supply and distribution chains that are vulnerable to changes in environmental factors. As we head deeper into the post-Climate era, long supply and distribution chains will inevitably face accelerating disruption. Nearly 90% of natural gas processing, fractionation, and storage is concentrated in four regions in the U.S., each subject to various environmental hazards that will incur greater complications and costs as climate change exacerbates natural disasters' frequency and severity. Although concentrating gas production in these areas is efficient (the ultimate goal of the Industrial Revolution paradigm), it results in long, fragile supply and distribution chains. Centralized production allows for economies of scale so is very efficient. However, resiliency is ... More low due to geographical concentration. Similarly, building enormous solar and wind farms deep in flyover country necessitates enormous expenditures on fancy new storage equipment and mechanical devices to manage voltage and grid frequency, and new high-voltage DC transmission lines. All this spending creates exactly the same sort of fragile supply and distribution chains we see in natural gas. Indeed, the root cause of the Iberian grid's failure on a clear, windy day when 70% of Spain's generation capacity was coming from renewables was the Spanish grid's inability to gracefully handle such a surplus of renewables generation. Modern-day grids are trying to cram the power train for a Tesla Roadster alongside the internal combustion drivetrain of a 1959 Edsel, then take this hybrid Frankencar off-roading. It is time for a new paradigm. Kristov and his colleagues have developed a paradigm that envisions individual towns and regions forming self-reliant mini-grids that can attach and detach from the larger grid network as needed. While this architecture would not have prevented the equipment failure that triggered the Iberian Blackout, it would have isolated the problem from the rest of the system, keeping the outage local rather than allowing it to proliferate nationwide. This model upsets the way incumbents competing in electrical generation, transmission, and distribution have been doing business for the last 120 years. Challenging a network of longtime monopolies and their corresponding political structures is tough, even though it's the right thing to do. We need renewable energy in the U.S. Intelligent investors take note. Those interested in a detailed analysis of the causes of the Iberian Blackout and a plain-language explanation of modern grid function and management, please see my recently published research report.
Associated Press
07-06-2025
- Business
- Associated Press
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) to Allocate Solar Project Revenue to Bitcoin Treasury Strategy
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - June 6, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has taken its first step toward implementing a Bitcoin treasury strategy by committing net revenue from its 3.79 MW Geddes Solar Power Project to Bitcoin purchases. This initiative places SolarBank among the early renewable energy companies integrating digital assets into corporate finance. The Geddes Project, built on a repurposed landfill, is expected to begin operations by the end of June 2025. CEO Dr. Richard Lu described the move as a strategic blend of stable energy cash flow and Bitcoin's appreciation potential, with future expansions of the strategy under evaluation across the company's clean energy portfolio. To view the full press release, visit About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. 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