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2 November 2022

Renewables orders this week

GM is delaying its goal of 400k EVs produced in America by around 6 months and putting this delay down to battery production related hiring problems.

Tesla’s Model Y has become the top selling car in Europe after overtaking the Peugeot 208 with 29,367 registrations in September.

Engie North America has acquired a 6GW portfolio of solar, paired and standalone battery storage development projects from Belltown Power. Engie north America now owns 33 individual projects consisting of 2.7GW of solar, 0.7GW of paired storage, and 2.6GW of standalone battery storage projects.

Jaguar Land Rover and Wolfspeed have formed a strategic partnership to supply silicon carbide semiconductors for electric vehicle production.

Toyota has commissioned a large-scale energy storage system in collaboration with Japanese Utility Jera using end-of-life batteries from EVs.

Gridstor has acquired a portfolio of energy storage products from Upstream Energy of San Diego, the portfolio consists of multiple projects amounting to 500MW/2,000MWh with proposed on-line dates between 2024 and 2026.

Softbank Energy (SB Energy) has entered into a 942MW power purchase agreement (PPA) with Google to power Google’s data center and cloud systems in Dallas, Texas.

Northvolt is rumored to be reconsidering its plant in Heide, Germany, due to high energy prices and more enticing investment locations within the US.

CATL and VinFast have signed a memorandum of understanding for a global strategic cooperation to expand collaboration.

United Airlines and its regional affiliate Mesa Air Group have invested in the Swedish start-up Heart Aerospace and placed orders for 200 ES-30 30 seat electric regional aircraft with an option for an additional 100. Deliveries are planned for 2028.

The Polish municipal transport company MPK has ordered 25 hydrogen buses from Solaris. MPK had originally tendered 15 H2 buses but later extended the order by another ten units.

TECO 2030 has signed a letter of intent with AVL on behalf of an undisclosed truck customer for delivery of fuel cell stacks to 30 trucks based on the AVL HyTruck platform with delivery set to commence at the end of next year.


The Canadian state of Ottawa has agreed a $708 million loan to Ontario Power Generation for the latter’s development of a 300 MW small-scale modular nuclear power plant at Darlington, to be commissioned by end-2028.

South Korean solar manufacturer OCI will expand its module production capacity from 210 MW to 1 GW at its US branch located in Texas named Mission Solar Energy. This will involve a $40 million investment.

Shenzhen Energy has had its 250 MW, $216 million, solar-hydrogen project approved in Inner Mongolia.

Huasheng has invested $742 million into a 2.5 GW wafer, 5 GW heterojunction cell, 5 GW module factory which has begun construction in Wuxi City, Jiangsu Province, China.

Ningbo Deye Technology is to raise $488 million for construction of a 28 GW inverter factory.

Trina Solar has commissioned a 15 GW cell and module factory in Huaian, Jiangsu Province.

Yuze Semiconductor is to build a 20 GW ingot and wafer factory in Chuxiong, Yunnan, with an investment of $1.1 billion.

Econergy has finalized EPC contracting for its Parau and Oradea projects in Romania, which sum to 172 MW and will be commissioned in mid-2023.

Meyer Burger’s board has agreed a capital raise of $253 million from issuing almost a million shares to fund the company’s expansion to 3 GW of cell and module production capacity. Earlier in October the company intended the same thing but with an ordinary capital increase via a rights offering.

ACWA Power is to develop the 60 MWac and 50 MWac Saguling and Singkarak floating solar projects in Indonesia, with Indonesia Power, subsidiary of state-owned utility PLN, to own 51% of the projects while ACWA Power will own 49%. Total investment cost will come to $105 million.

Austrian utility EVN and developer ECOwind are building a 24.5 MW floating solar project in Grafenworth municipality, Austria.

A “deep-sea” offshore floating solar project has been commissioned at the Shandong Peninsula South No. 3 Offshore Wind Farm, in Chinese waters. The demonstration project has a capacity of 500 kW, split between two floating units, and may be scaled to 20 MW. The project’s floating units feature 770 modules on a 53-meter-diameter shape.