Solar Markets & Finance News

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.

Indian independent power manufacturer (IPP) Azure Power has made a US$ 12.9 million investment in solar maker Premier Energies while likewise locking in residential PV module supply from the business.

A group of capitalists including Statkraft Ventures has actually invested US$ 3 million in software-as-a-service (SaaS) company Glint Solar and also its site recognition technology for both ground install as well as floating solar parks.

Solar project designer and also operator ReneSola Ltd (NYSE: SOL) said today it has actually won 20-year Index Renewable Energy Credit (REC) contracts for two solar projects in the US completing 40 MW.