Solar Markets & Finance News

US solar designer 8minute Solar Energy is intending to enhance its technological knowledge with the visit of its initial chief technology officer (CTO).

Australia's new Labor government has actually increased the nation's 2030 emissions reduction target as it vowed to support the transition to renewables by purchasing transmission infrastructure and also energy storage.

US programmer, proprietor and asset supervisor Longroad Energy has actually made an equity financial investment in dispersed generation (DG) programmer Valta Energy.

NextEra Energy has actually revealed its new decarbonisation strategy, called Zero Carbon Blueprint, which includes eliminating all scope 1 and also 2 emissions from its operations by 2045 without the use of carbon offsets and also a massive rise in solar PV to 90GW by 2045.

British oil and also gas major BP Plc (LON: BP) has actually clinched a deal to buy a 40.5% stake in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, as well as will become its driver, it said today.

Chinese solar inverter manufacturer Sungrow Power Supply Co Ltd (SHE:300274) will certainly deliver tools for a 320-MWp portfolio of solar projects that Danish solar developer BeGreen A/S is dealing with in its home country.

Turkish green steel producer Tosyali Holding Company has actually secured a loan from a Spanish financial major for its USD-71-million (EUR 67.8 m) rooftop solar project that was announced previously this year.

Canadian Solar Inc (NASDAQ: CSIQ) said today it has closed a non-recourse project funding of BRL 136 million (USD 26.6 m/EUR 25.5 m) to back the construction and also procedure of a 79-MWp solar energy project in Brazil.

Common Farm project site additionally includes details of a 50MW co-located battery storage space project

Mammoth North project in Indiana is due to go into commercial operation in 2023

Utility-scale solar in the US remains plagued by underperformance issues as capex expenses have actually increased for the "first time in decades".

Investment firm FitzWalter Capital has partnered with newly-formed solar designer Peridot Solar to create as well as build 5GW of capacity by 2026.

TotalEnergies is expanding its collaboration with Indian corporation Adani Group as they intend to provide the globe's biggest green hydrogen ecosystem in India.

Vietnam-headquartered Boviet Solar has actually authorized a contract with a renewable energy provider to supply 255 MW of PV Modules for a utility-scale solar project in the USA.

Microsoft Corporation, among the world's biggest buyers of renewable resource, recently participated in a lasting contract with Amplus Solar, a subsidiary of Malaysian oil and also gas empire Petronas in India, to buy power from a 100 MW solar project being created by the latter in Rajasthan.