Caption: A portfolio of six preconstruction and 6 early-stage development projects are acquired by Catalyze from BW Solar. (Image Credit: Catalyze)
BW Solar has sold 12 community solar projects in New York with a total capacity of 76.7 MW to Catalyze. The portfolio includes six pre-construction projects (38.2 MW) and six early-stage development projects (38.5 MW). Catalyze intends to employ inventive strategies such as utilizing an all-terrain tracker for a project scheduled for construction this summer. Specifically designed to negotiate the rugged terrain of a steep, undulating hill, this tracker minimizes the necessity for extensive site grading, thereby cutting down on construction expenses and lessening environmental disturbance. Commercial operation of the notice-to-proceed ready projects is anticipated between 2024 and 2025.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)