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SOLA Renesola

281.50
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renesola LSE:SOLA London Ordinary Share VGG7500C1068 ORD SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 281.50 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Renesola Share Discussion Threads

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DateSubjectAuthorDiscuss
21/3/2022
10:54
50,000 households connected to solar power

By The Nation On Mar 20, 2022


ENGIE Energy Access, a leading provider of solar homes systems and mini-grid solutions in Nigeria announced the milestone of connecting 50,000 households to solar power and in turn impacting 250,000 lives across the country.

The company also recently extended its partnership with the Rural Electrification Agency of Nigeria (REA) via an addendum to the existing output-based fund (OBF) agreement, which provides grant subsidies to make electricity products more affordable for those who need it the most.




The grant was provided under REA’s Nigeria Electrification Project (NEP), a Federal Government initiative driven by the private sector and seeks to provide electricity access to households, micro, small and medium enterprises in off-grid communities, tertiary institutions and healthcare facilities across the country through renewable energy sources.

“Reaching this milestone is an incredible accomplishment for our team, and evidence of not just hard work, but our commitment to bringing clean, affordable energy to those without electricity access across Nigeria,” said Bankole Cardoso, Managing Director of ENGIE Energy Access Nigeria.

the grumpy old men
18/3/2022
11:19
Engie Brasil acquires 260 MWp of solar farms at home
Solar PV plant in Brazil

March 18 (Renewables Now) - Brazilian energy company Engie Brasil Energia SA (BMVF:EGIE3) announced on Thursday that it has finalised the acquisition of two solar photovoltaic (PV) farms, with a combined capacity of 259.8 MWp in Brazil.

Engie Brasil bought the plants from Engie Solar SAS, Solairedirect Investment Management SA and Drankensberg Capital 1 SA for BRL 625 million (USD 122.6m/EUR 110.9m) in total. The buyer also took over a net debt of roughly BRL 620 million contracted with the Brazilian Development Bank (BNDES), according to the announcement.

The acquisition made Engie Brasil the owner of the 158.3-MWp Paracatu and the 101.5-MWp Floresta plants.

Paracatu has been in operation since February 2019 and benefits from a 20-year sales agreement for 34 average megawatts (MWa) of its output. The 101.5 MWp Floresta solar farm, operational since December 2017, has a 20-year contract for 25.1 MWa in place.

(BRL 1.0 = USD 0.196/EUR 0.177)

grupo
17/3/2022
12:28
Is Climeworks publicly traded?

Interested investors are searching for the company's IPO plans to buy its stock, however, there is no official information from Climeworks about its public debut plans. Retail investors are not able to invest in this stock as Climeworks is still a private firm.Dec 29, 2021

waldron
15/3/2022
20:51
Did you remember to duck? If not, too late now...

Massive asteroid flies past Earth 4.1million miles away



12 Mar 202212 March 2022

pvb
10/3/2022
19:29
If you could invent a process to turn that spam into diesel or petrol, you would be on to a winner right now. Maybe not gas tho...
shalder
10/3/2022
18:03
Hardly worth coming out of my bunker now,luckily i've got 2 years of spam left.I've seen the future and i aint there.
solsticefire
08/3/2022
00:13
French oil major TotalEnergies sees promising future in battery business, CEO says
Company aims to be among world's top five producers of electricity from wind and solar energy

Mona Al Marzooqi / The National
The National
Alkesh Sharma

Mar 08, 2022

TotalEnergies, which launched the largest battery-based energy storage site in France in December, aims to create a profitable stream of business from its batteries operations, the company’s chief executive said on Monday.

Batteries are a “new fuel” for electric vehicles, Patrick Pouyanne, who is also the chairman of the company’s board, said during a talk on energy transition at CeraWeek in Houston.

“You can create a lot of value if you can store electricity that you produce," Mr Pouyanne said.

"For us, battery is an important part in the value chain in establishing a profitable electricity player.

“We have established JV [joint venture] with Mercedes-Benz and Stellantis to produce batteries … we are convinced it will be a new way to produce value, an important technology for electric mobility and an important part of energy transition."
TotalEnergies has linked up with mobility solutions provider Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company. AP

TotalEnergies has linked up with mobility solutions provider Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company. AP

The French integrated oil and gas company TotalEnergies has entered an agreement with Dutch provider of innovative mobility solutions Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company (ACC).

They aim to increase ACC’s industrial capacity to at least 120 gigawatt hours by the end of this decade.

The initiative is supported by the French, German and European authorities, to create a European battery champion for electric vehicles.

Global battery market size is expected to reach $310.8 billion by 2027, growing at a compound annual rate of 14.1 per cent, according to the US-based market research and consulting company Grand View Research.


Technological advancements in terms of enhanced efficiency and cost reduction are likely to open new paths for the global battery market in the coming years, industry experts say.

TotalEnergies adopted a new identity last year, signalling a new phase in its transition to net zero.

“People in the company are very happy with this move because it is way to stay aligned with the society’s expectations," Mr Pouyanne said.

“Fundamentally, we continue to produce oil and gas, but we have decided that we must be a leader in energy transition … our strategic move is to become electricity and renewables producer and supplier.”

As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity.

At the end of 2021, the company’s gross renewable electricity generation capacity was more than 10GW.

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. PA

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. PA

It aims to expand this business to reach 35GW of gross-production capacity from renewable sources and storage by 2025, and then 100GW by 2030, with the objective of being among the world's top five producers of electricity from wind and solar energy, the company said.

It is serious about expanding in Africa and ensuring a “sustainable growth” in the continent.

“Africa is blessed with natural resources," Mr Pouyanne said. "Our expansion and energy development in the continent is part of the sustainable development … getting people out of the poverty in a sustainable way.

"We are out there to bring energy and develop shared values and shared prosperity that is our mission as a company."

Active in more than 130 countries, TotalEnergies employs nearly 105,000 people.

waldron
21/2/2022
09:35
Sloshing on a flat earth. It must bounce off the ice wall.
uppompeii
20/2/2022
18:28
He's not the messiah,he's a very naughty boy.
solsticefire
18/2/2022
20:59
We miss somebody to tell us that Nibiru is an anagram of Omicron, which would obviously explain everything to us ordinary mortals.
shalder
18/2/2022
18:45
With all this wind theres bound to be sloshing.
solsticefire
13/2/2022
06:35
Glut of Solar Panels is Coming in 2025

Profits for some polysilicon companies have rocketed up 300% during the pandemic.

By
David Waterworth

Published
18 hours ago


Just in time for peak oil, Rethink Energy predicts that there will be a surge of new polysilicon production capacity coming online in the next two years, leading to a glut of solar panels by 2025.

The production capacity of solar panels is expected to exceed 1,000 GW per year by 2030. Pledges made by several dozen companies should see production capacity triple over the next three years. An expansion to nearly 4 million tons of solar-grade polysilicon production capacity will have been announced just in the last few weeks alone. Running at two-thirds capacity utilization would be enough to manufacturer 900 GW of photovoltaics every year.

2025 is also the predicted year for massive EV take-up as manufacturers bring greater supply to market. “The polysilicon shortage will continue to limit worldwide solar installations until mid-2023, in which year 250 GW of polysilicon solar will be commissioned. The price of polysilicon will take at least five years to return to the record low of 2020, but will then decline even further,” says Andries Wantenaar, solar analyst with Rethink Energy and lead author of Polysilicon manufacturing forecast to 2030.

The shortage was caused by several factors, according to the report, with low-cost Chinese production in the years preceding the pandemic that pushed many companies out of business being cited as one of the main reasons, since there was practically zero investment in new production capacity from other countries in an effort to remain cost-competitive. In 2020, with lockdowns crushing demand, the industry’s profits dropped to zero, with polysilicon prices hitting record lows of $6 per kilogram during the pandemic.

Rethink Energy expects that with the price rebound for polysilicon and profitability returning to the sector, factories will increase production of solar modules and we can expect that by 2023 there will be greater supply coming to the market. This may lead to a LCOE reduction of up to 12%.

During the past two years, underlying demand has not been met. “Production capacity will more than quadruple this decade compared to the scale seen in 2020,” says Wantenaar, who points to the mass adoption of the fluidized bed reactor (FBR) granular production process. “China’s dominance of the industry will go from strength to strength, but India will build and shelter domestic production under protectionist policies and the US may do likewise depending on the Biden Administration’;s upcoming spending bills.”

Thanks to the shortage caused by increased demand without increased supply, prices for polysilicon have soared to around $40 per kilo, with cost impacts influencing the entire “solar value chain” from March to the end of 2021, when prices increased by 13% for modules and cells, 54% wafers, and 177% for solar-grade polysilicon. Profits, meanwhile, have been boosted as much as 300%, prompting massive expansion plans outside of China.

As Tony Seba frequently comments – it is the confluence of technology changes that creates the greatest disruptions. A glut of solar panels arriving at the same time as a ramped supply of batteries and electric vehicles will create a massive acceleration of uptake. Here is major step in the rEVolution. (Please note: Rethink Energy is not affiliated with RethinkX).

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

waldron
10/2/2022
08:24
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) today announced it has signed a definitive agreement with SunPower Corp.'s (NASDAQ:SPWR) to purchase its Commercial & Industrial Solutions (CIS) business for $250 million, including $60 million of earn-out subject to regulatory evolution. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.



This acquisition is another step in TotalEnergies' roadmap to develop its distributed generation business, currently accounting to close to 500 MW in operation worldwide. It will allow TotalEnergies to extend its distributed generation business footprint to the U.S. and to develop over 100 MW of additional capacity per year. Beyond, this activity will also create synergies with TotalEnergies' large-scale solar energy portfolio in the U.S and enable B2B customers to benefit from more comprehensive energy solutions and new capabilities in financing and project ownership.



As for SunPower, this operation follows a previous announcement it would focus on its high-growth residential business, offering a superior customer experience with a growing ecosystem of innovative products and services, hence exploring strategic options for the CIS business.



All in all, this win-win operation fully fits TotalEnergies and SunPower's respective strategies to better serve industrial, commercial and residential customers.



"With this acquisition, TotalEnergies is further investing to grow its distributed generation activity in the U.S. and support its B2B customers in meeting their sustainable development goals. It is a new milestone in our renewable development in the country, where we are targeting 4 gigawatts of solar capacity by 2025," said Vincent Stoquart, senior vice president Renewables for TotalEnergies. "This will also give SunPower additional resources to focus on the growing residential market. We look forward to welcoming the Commercial & Industrial teams and ensuring the continuity of TotalEnergies' commitment in this business as we integrate this high-quality portfolio of products and customers."



"TotalEnergies is the ideal partner for our CIS business to take advantage of the growing commercial market and opportunities like community solar and front-of-meter storage," said Peter Faricy, CEO of SunPower. "The sale enables SunPower to focus on creating a superior residential experience, increase our investment in product and digital innovation, and reach more homeowners. The enhanced strategic clarity created by this transaction will help SunPower lead the industry and deliver maximum value to our investors, partners and customers."



Following a thorough process involving discussions with a number of parties, and upon the unanimous recommendation of a special committee of SunPower's independent directors, the acquisition has been approved by both companies. The transaction is expected to close early Q2 subject to the satisfaction of customary closing conditions. This operation is not expected to reduce TotalEnergies' majority ownership stake (50.83%) in SunPower.

About TotalEnergies



TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies in the U.S.



Operating in the United States since 1957, TotalEnergies is focused on identifying opportunities in the evolving U.S. energy market to meet growing energy needs while reducing carbon emissions. The Company is developing a number of solar and energy storage projects in the U.S., targeting 4 gigawatts in cumulative capacity by 2025. It is also positioning itself in the high-potential U.S. offshore wind market. It has qualified to participate in the upcoming New York Bight offshore wind energy auction and launched a joint venture to explore floating offshore wind opportunities off the West Coast.

TotalEnergies and renewables electricity



As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of September 2021, TotalEnergies' gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.



About SunPower



Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities. For more information, visit www.sunpower.com.

grupo guitarlumber
19/1/2022
12:42
Royal Dutch Shell PLC said Wednesday that it has acquired a developer of solar-power-generation projects in Italy.

The oil-and-gas company has acquired solar-konzept Italia Srl, a subsidiary of Germany's solar-konzept International GmbH. The deal increases Shell's solar-development pipeline in Italy to around 2 gigawatts, it said.

Shell said that the acquisition makes it one of the leading solar developers in the Mediterranean country.



Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT



(END) Dow Jones Newswires

January 19, 2022 06:34 ET (11:34 GMT)

florenceorbis
17/1/2022
13:26
Orange teams with Engie to reduce Ivory Coast carbon footprint

52m | Saf Malik


Orange has teamed with Engie to convert the GOS, Orange’s main data centre in Africa to solar power.

The GOS was built in 2016 in Grand Bassam in the Ivory Coast and hosts IT and telecommunication equipment that supports the services provided by the GOS to all OMEA subsidiaries.

In December 2021, Orange signed an EaaS _Energy as a Service) contract with Engie to convert the GOS to solar power by installing a solar plant on rooftops and solar carports for a total installed capacity of 355 kWp to reduce its environmental footprint.

The commission is scheduled for the second half of 2022.

Alioune Ndiaye, chairman and CEO of Orange Middle East and Africa said: "This project is a first in West Africa for Orange in terms of its size and scope and it perfectly illustrates our ambition to speed up our solar projects in order to achieve net zero carbon by 2040.

“In the rest of Africa and the Middle East, we have already implemented several initiatives, as equipping 5,400 telecoms sites by solar panels and building solar farms in Jordan and Mali. We intend to go further."

The plant will be made up of 784 photovoltaic cells and will provide the data centre with an estimated 527 MWh per year of renewable energy.

Orange adds that the initiative is in conjunction with the Ivory Coast government’s aims to make the country an energy hub in Africa by 2030 with 42% of renewables in the energy mix.

Armand Seya, CEO of Engie services in West Africa added: "Engie Africa is active in electricity production, energy services and decentralized solutions for off-grid customers across the continent.

“We are proud to support the GOS (Groupement Orange Services) in its energy transition having ensured the multi-technical maintenance of the Data Centre since 2019 and now with the implementation of this solar plant."

maywillow
13/1/2022
11:07
TotalEnergies is once again at the top of the 13th tranche of the CRE 4 call for tenders, with 194 projects won for a cumulative capacity of nearly 58 MW, or 20% of the volumes awarded.

In total, TotalEnergies has won more than 250 MW of projects on all 13 tranches of the CRE 4 'solar on buildings' tender, launched in 2017.

"Since 2017, TotalEnergies, together with Amarenco, has won more than 700 solar projects on buildings in France," said Thierry Muller, CEO of TotalEnergies Renouvelables France.

' By winning this new tender, we are taking another step towards our goal of reaching 4 GW of renewable generation capacity in France by 2025

the grumpy old men
20/12/2021
18:06
Engie, Hannon Armstrong complete 2.3-GW renewables portfolio in US
Image by Engie North America

December 20 (Renewables Now) - Engie North America Inc on Monday said it has brought online the final project in a 2.3-GW US wind and solar portfolio owned together with climate investor Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI).

The portfolio's 13 projects are now online after a 50-MW solar farm in Virginia was commissioned and transferred into the portfolio partnership. Its nine onshore wind facilities totalling 1.8 GW and four solar projects with a combined capacity of 500 MW were built between late 2019 and the autumn of 2021, the Houston, Texas-based division of French utility Engie SA (EPA:ENGI) said. Located across five states, the installations are estimated to be generating enough power for more than 500,000 US homes. Each of them has off-take agreements, where they are contributing to the customers’ low-carbon commitments, Engie noted.

The French company developed the portfolio and will operate the assets. It agreed to sell a 49% equity stake in the portfolio to Hannon Armstrong in 2020.

The 2.3 GW of projects are part of Engie North Americas' US renewables generation fleet of over 3 GW. It also has a pipeline of 10 GW.

waldron
18/12/2021
22:34
...Perhaps it is prophetic, in retrospect?
pvb
18/12/2021
21:12
if this thread was about viruses rather than Niburu it could have been quite
prohetic.

norman the doorman
14/12/2021
06:16
woodmackenzie


Solar prices continue to rise but Build Back Better Act will boost installs 31% through 2026

As supply chain challenges persist, industry awaits massive growth with the potential passage of legislation
14 December 2021

Get in touch

AMERICAS
anthea.pitt@woodmac.com
+44 330 124 9436
EMEARC
anthea.pitt@woodmac.com
+44 330 124 9436
APAC
ann.lee@woodmac.com
+65 6518 0823
Global
sonia.kerr@woodmac.com
+44 330 174 7267

For the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market segments, according to the US Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

The recently dismissed petitions for anti-dumping and countervailing duties on solar cells from Malaysia, Thailand, and Vietnam caused significant shipping disruptions for importers, which further exacerbated supply chain constraints. Logistical challenges and price increases in the solar supply chain will depress deployment over the next year, resulting in a 7.4 gigawatt (33%) decrease in the forecast for 2022 compared to previous forecasts.

Solar projects will continue to face supply chain challenges in the near term, but new forecasts show that, if passed, the clean energy provisions in the Build Back Better Act will stimulate solar market growth. The legislation will enable the solar industry to continue on its robust growth trajectory, incentivize domestic manufacturing, and alleviate supply chain constraints.

“The forecasts are clear: We must pass the Build Back Better Act to create quality American jobs, drive transformative solar and storage growth, and overcome supply chain bottlenecks,” said SEIA president and CEO Abigail Ross Hopper.

“This legislation will help US solar capacity triple over the next five years and offset an additional 83 million tonnes of carbon. Conversely, trade and supply chain headwinds will cause a significant decrease in installations next year at a time when more solar adoption is critical to addressing the climate crisis. This makes the domestic production provisions of the Build Back Better Act even more important to the future health of the US industry.”

Rising prices are impacting the utility-scale solar market the most. Prices in this segment dropped by 12% between Q1 2019 and Q1 2021, but spikes in the last six months have erased all price declines from this two-year period.

If the Build Back Better Act is enacted, the US is projected to install 43.5 gigawatts (GW) of additional solar capacity over the baseline forecast between 2022 and 2026. This would bring cumulative solar capacity in the US to over 300 GW, triple the amount of solar deployed today.

“The US solar market has never experienced this many opposing dynamics,” said Michelle Davis, principal analyst at Wood Mackenzie and lead author of the report.

“On the one hand, supply chain constraints continue to escalate, putting gigawatts of projects at risk. On the other, the Build Back Better Act would be a major market stimulant for this industry, establishing long-term certainty of continued growth.

“Forecasts show that tax credits in the Build Back Better Act will increase growth in nascent state solar markets and significantly increase deployment in more established markets.

"For example, if the Build Back Better Act passes, Texas is expected to add 7 GW of additional solar capacity over the baseline forecast by 2026, reaching 44 GW of cumulative capacity."

If the Build Back Better Act becomes law, 14 states will see at least a one-gigawatt boost in solar deployment in the next five years, and 14 more will see at least a 500-megawatt boost.

Key Figures:

Solar accounted for 54% of all new electricity-generating capacity added in the US in the first three quarters of 2021.
Residential solar installations exceeded 1 GW and 130,000 systems in a single quarter for the first time, indicating that one out of every 600 US homeowners is installing solar each quarter. Residential solar companies have fared better in the face of recent price increases, but tight module supply may impact future installations.
Commercial and community solar fell 10% and 21% quarter-over-quarter, respectively. Major markets for these segments continue to experience interconnection and equipment delays.
Due to supply chain constraints and logistics challenges, Wood Mackenzie has lowered its 2022 solar forecast by 33%, a decrease of 7.4 GW.
Installed costs increased across all market segments for the second quarter in a row, reflecting supply chain challenges. In every segment besides residential, year-over-year price increases were at the highest they’ve been since 2014 when Wood Mackenzie began tracking pricing data.

Learn more at seia.org/smi.

waldron
14/12/2021
05:46
A consortium led by Keppel Corp. will pay up to US$150 million for a controlling stake in a Shell Eastern Petroleum (Ptd) Ltd. solar-energy platform, part of efforts to grow the Singaporean conglomerate's renewables business.

The Keppel consortium, which includes Keppel Asia Infrastructure Fund LP and an investor via Cloud Alpha Pte. Ltd., will acquire a 51% stake in Singapore-based Cleantech Renewable Assets Pte. Ltd., Keppel said late Monday.

Cleantech's existing shareholder, a unit of Netherlands-based Shell Petroleum NV, will hold the remaining stake in Cleantech.

The Keppel consortium will pay US$130 million for its stake, plus up to US$20 million more based on performance milestones. Keppel said it will pay for its share of the deal, amounting to up to US$90 million, via internal cash resources, with Cleantech becoming a Keppel subsidiary.

Cleantech is a solar energy platform with a focus on commercial and industrial segments in India, Thailand, Malaysia, Indonesia, Cambodia, Singapore and Vietnam. The company has total capacity of more than 600 megawatts in operation and development, and it targets achieving generation capacity of 3 gigawatts over the next five years, Keppel said. Cleantech's existing customers include Cargill Inc., Coca-Cola Co., Shell Lubricants and others.

Keppel expects Cleantech to benefit from growing regional demand for renewable energy, and it said the deal will help accelerate its growth in renewables as it works to expand its portfolio of such energy assets to 7 gigawatts of capacity by 2030.

It added that the acquisition marks KAIF's first renewable energy investment, forming the fund's "beachhead into the burgeoning solar-energy sector" in the Asia Pacific.

The deal is expected to close in the first quarter of 2022.



Write to Ben Otto at ben.otto@wsj.com



(END) Dow Jones Newswires

December 13, 2021 20:12 ET (01:12 GMT)

waldron
07/12/2021
09:51
Eni's Angolan JV takes FID, inks EPC for 50-MWp solar project
Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

December 7 (Renewables Now) - The joint venture (JV) between Italian oil and gas major Eni SpA (BIT:ENI) and its Angolan state-controlled peer Sonangol has taken the final investment decision (FID) and signed the EPC contract to build the first half of a 50-MWp solar plant project in the southwestern African nation.

Their Solenova Ltd JV will install the 25-MWp first phase of the Caraculo photovoltaic (PV) project in Angola’s Namibe province.

Eni said on Monday it expects to start-up the solar farm in the fourth quarter of 2022.

The EPC contractor was not named in Eni's press release.

Once in operation, the Caraculo solar will enable the local community reduce diesel consumption and cut emissions, the Italian company said.

Eni and Sonangol formed Solenova in 2019 with the goal to develop renewable energy projects in Angola. The phased development and implementation of the 50-MWp Caraculo is their first project in the country.

sarkasm
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