Daily News Wrap-Up: JinkoSolar Inks Deal With Aldo for 600 MW of Modules
Garanti BBVA to fund Turkey’s largest-ever rooftop solar project with 400 million Turkish lira
Here are some noteworthy cleantech announcements of the day from around the world:
JinkoSolar signed a distribution agreement with Aldo Solar, a Brazil-based distributed solar energy company, to distribute 600 MW N-type Tiger Neo modules. The new panels are expected to be available at Aldo Solar for pre-sale starting in July. The agreement with Aldo Solar makes Brazil the first market in Latin America to make JinkoSolar ‘s new N-type modules available. At the end of last year, the companies announced the signing of the largest distribution agreement for Distributed Generation, signed by Jinko Solar outside China.
Garanti BBVA, a Turkish financial services company, announced that it would finance Turkey’s largest-ever rooftop solar power project with a loan of 400 million Turkish lira (~$23.09 million). The new solar power plant, based on state-of-the-art technology and comprising an area of 632,000 sq. meters, is said to be the country’s largest solar project so far, with a price tag of $71 million and an annual forecast output of 250 million kWh. The new power plant will prevent 117 million kg of carbon emissions, supporting the world’s cleanest steel production facility and boosting Türkiye’s journey toward net-zero carbon emissions.
Arbor Renewable Gas, a Houston-based renewable gasoline and green hydrogen company announced that it is evaluating West Baton Rouge Parish for a planned $800 million manufacturing and distribution facility employing carbon capture and sequestration emissions-reduction technology. Operating as Magnolia Renewable Fuels, the facility is expected to produce renewable gasoline from wood waste biomass sourced from Louisiana and Mississippi timber operations. The project would create 32 new direct jobs with average annual salaries of $99,000, plus benefits. The company estimates the development of the facility would generate up to 880 construction jobs at peak construction. The company plans to locate its greenfield facility at the Port Allen Rail Terminal, offering railroad and highway accessibility and proximity to timber operations. Magnolia will source southern yellow pine pre-commercial thinnings, a byproduct of routine forest management operations.
Osaka Gas Australia, a wholly-owned subsidiary of Osaka Gas, signed a non-binding memorandum of understanding with AGL Energy, the Australia-based integrated energy provider, to join AGL and its partners in feasibility studies into the development of green energy hubs in South Australia (SA) and New South Wales (NSW). The feasibility studies will explore potential opportunities to establish green hydrogen production facilities at AGL’s existing power generation sites located at Torrens Island, SA – Torrens Island Project and Hunter Valley, NSW – Hunter Valley Project and provide green hydrogen to the users in SA and NSW, as well as to broader export markets.