Google invests $10m in South African solar project

first_imgGoogle invests $10m in South African solar projectGoogle director Rick Needham has revealed the search engine giant has invested ZAR103 million (US$10 million) in the Jasper Power Project. May 31, 2013 pv magazine Finance Installations Manufacturing Markets Markets & Policy Share Mr Needham, director for energy and sustainability, said in a company blogpost the two factors which Google assesses when looking at sustainable investments are whether the investment makes economic sense and whether it will help drive other investments and “bolster the growth of the renewable energy industry and move the world closer to a clean energy future”.Whilst the director does not reveal the breakdown of Google’s investment, Bloomberg is reporting that the search engine will be one of the project’s equity investors, along with U.S. project developer SolarReserve; development partner Kensani Capital Investments; Intikon Energy; the state-owned Development Bank of Southern Africa; non-profit organization P.E.A.C.E.; and state pension fund Public Investment Group.Bloomberg estimates the $260 million Jasper project is being funded by $65 million from equity partners and $195 million debt financing being led by the FirstRand Bank. The 96 MW scheme, near Postmasburg in the Northern Cape will be made using Yingli Green Energy panels.Popular content Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… iAbout these recommendations Share pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.More articles from pv magazine Related content Asia Pacific’s solarized digitization agenda Selva Ozelli, Esq. 23 April 2021 pv-magazine.com The virtual 7th Asia-Pacific Climate Change Adaptation Forum was hosted in March by Japan’s Ministry of the Environment,… We all trust the performance ratio test pv magazine 7 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is a… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Orig… The weekend read: China’s push for decarbonization Andreas Walstad 24 April 2021 pv-magazine.com The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertaint… The Hydrogen Stream: 20 MW electrolyzer in Spain, hydrogen alliance between Russia and Germany Sergio Matalucci 30 April 2021 pv-magazine.com BP, Iberdrola and Enagás will power a 20 MW electrolyzer with 40 MW of solar in Spain. Automotive manufacturers Hyundai,… Analysis of France’s CRE4 PV tenders and their impact 21 April 2021 pv-magazine.com This year will witness the end of the French program for PV tenders known as “CRE4”, which began in 2016. To date, they have enabled over 7. Asia Pacific’s solarized digitization agenda Selva Ozelli, Esq. 23 April 2021 pv-magazine.com The virtual 7th Asia-Pacific Climate Change Adaptation Forum was hosted in March by Japan’s Ministry of the Environment,… We all trust the performance ratio test pv magazine 7 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is a… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Orig… The weekend read: China’s push for decarbonization Andreas Walstad 24 April 2021 pv-magazine.com The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertaint… The Hydrogen Stream: 20 MW electrolyzer in Spain, hydrogen alliance between Russia and Germany Sergio Matalucci 30 April 2021 pv-magazine.com BP, Iberdrola and Enagás will power a 20 MW electrolyzer with 40 MW of solar in Spain. Automotive manufacturers Hyundai,… Analysis of France’s CRE4 PV tenders and their impact 21 April 2021 pv-magazine.com This year will witness the end of the French program for PV tenders known as “CRE4”, which began in 2016. To date, they have enabled over 7. Asia Pacific’s solarized digitization agenda Selva Ozelli, Esq. 23 April 2021 pv-magazine.com The virtual 7th Asia-Pacific Climate Change Adaptation Forum was hosted in March by Japan’s Ministry of the Environment,… 123456Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.Further information on data privacy can be found in our Data Protection Policy.iAbout these recommendationsKeep up to date pv magazine Global offers daily updates of the latest photovoltaics news. We also offer comprehensive global coverage of the most important solar markets worldwide. Select one or more editions for targeted, up to date information delivered straight to your inbox.Email* Select Edition(s)*Hold Ctrl or Cmd to select multiple editions.Tap to select multiple editions.Global (English, daily)Germany (German, daily)U.S. (English, daily)Australia (English, daily)China (Chinese, weekly)India (English, daily)Latin America (Spanish, daily)Brazil (Portuguese, weekly)Mexico (Spanish, daily)Spain (Spanish, daily)France (French, daily)We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Grid code compliance in megawatt projects 27 April 2021 pv-magazine.com Discussion participantsEhsan Nadeem Khan, Grid Code Compliance Engineer, meteocontrolModeratorsMarian Willuhn, Editor… Reducing solar project risk for extreme weather 20 April 2021 pv-magazine.com Discussion participantsDaniel H.S. Chang, VP of Business Development | RETCGreg Beardsworth, Sr. Director of Product M… Insight @ Energy Storage North America 2020 11 November 2020 pv-magazine.com Developed and moderated by pv magazine, the panel sessions address a hot topic within the industry, from multiple angles. iAbout these recommendations pv magazine print We all trust the performance ratio test pv magazine 7 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is a… The ideal format pv magazine 7 April 2021 pv-magazine.com The speed at which manufacturers are introducing changes from one product generation to the next is accelerating – curre… Australia’s next wave of large-scale solar development pv magazine 7 April 2021 pv-magazine.com Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to… PV feed in, certified pv magazine 7 April 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. China’s push for decarbonization Andreas Walstad 7 April 2021 pv-magazine.com The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertaint… Unchained: political moves shift solar supply David Wagman 7 April 2021 pv-magazine.com PV module supply chains to the U.S. industry are in flux, and not for the first time. Moves to take action alongside sti… iAbout these recommendationslast_img read more