There are 'few signs' industry majors are investing in renewables at the scale required by climate change, global body says in warnings aimed at wealthy Davos attendees.
Hevel fires up 1MW of rooftop and ground-mounted PV at a state-managed oil refinery in southern Russia, while Photon interconnects 6.9GWh to Hungary grid and receives 13.6MW of PV solar modules from Jinko.
Lisbon-headquartered Galp signs various PPAs to purchase annual 358GWh for 12 years from projects under development, with supply set to start next year.
Sale plans by financial owner follows years of meteoric growth of firm owning 500MW PV portfolio for businesses in India, Middle East and South East Asia.
US$1trn-plus financier has already shown appetite for solar manufacturers. Does the new aperture to unlisted infra herald a capital bonanza for downstream players?
A pair of oil and gas giants, Algerian state-run company Sonatrach and Italy-based firm Eni, have inaugurated a 10MW solar PV project to power an oil field in Bir Rebaa North (BRN) in Algeria.
With Petroleum Development Oman (PDO) as its sole offtaker, the 100MW project in Amin, Oman, is said to be the world's first utility-scale PV project to have an oil and gas company as the sole wholesale buyer of power.
