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March 31, 2021

S&B USA acquires Texas solar project from Savion

S&B USA (previously Shikun and Binui America) has signed a definitive agreement to purchase a solar project in Texas from US-based renewable energy company Savion.

By Umesh Ellichipuram

S&B USA (previously Shikun and Binui America) has signed a definitive agreement to purchase a solar project in Texas from US-based renewable energy company Savion .

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
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Located 40 miles south-west of Houston in Brazoria County, the Brazoria West Solar Project has 260MWdc (200MWac) of planned solar energy productivity.

The facility is expected to come online next year, with construction works due to begin in the second quarter of this year.

Upon completion, the facility is expected to generate enough solar energy to power around 37,100 homes in Texas.

The facility has secured one commercial and industrial power purchase agreement (PPA) and another PPA with an energy trading company.

S&B Concession CEO Allon Raveh said: “Shikun and Binui continues to expand its operations and asset base in the US.

“With the continuous penetration of renewable energy in the US market, we are excited to continue to grow our US renewable energy portfolio and believe it will become an increasingly important portion of our activity in the country.”

S&B USA Energy head Kevin Yaich said: “It’s exciting to get into the mid‐stage of solar energy development and see it through construction and operations.

“We will continue to build upon our renewable energy portfolio and are actively pursuing other assets at this time.”

This will be the third renewable asset for S&B USA Energy, after acquiring the Beacon II and Beacon V solar projects in California in late December.

This month, UK-based solar energy company Hive Energy sold its Sabinar solar farm project to Israeli investment fund Noy Fund and green tech firm Nofar Energy.

Located in Cuenca, Spain, the 252MW solar farm will cover a 452ha area and is due to enter the construction phase this year.

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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