Solar Markets & Finance News

Residents of the Verde Para Sempre extractivist reserve in the Brazilian Amazon protested as loudly as they could about the Tucuruí transmission line.

The nation’s plan for grid-parity solar – brought forward to ease a mounting public PV subsidy debt burden – could be left in ruins by a newly-announced scheme to part liberalize the electricity price, itself motivated by a need to bail out financially stricken state-owned power companies.

With hundreds of billions of dollars in assets and funds under management, Macquarie Group is seeking to amplify its considerable influence, bringing investment and reporting to bear on accelerating climate mitigation and adaptation.

De Raj Group and STC Energy have struck a deal to deploy an 88.371MW solar portfolio near Kiev, in a bid to capitalise on Ukraine’s feed-in tariff (FiT) scheme.

A nonprofit organization is forming a solar co-op to help those interested in purchasing solar panels.

The French renewables group has taken over a specialist in C&I rooftop solar and launched a share purchase offer to enable its employees to benefit from the growth of the company.

Prime minister Su Tseng-chang announced the ambition and said the new solar plan for 2019-20 will bring investment and business opportunities of around US$7.5 billion.

The U.K. province’s grid operator SONI has announced a £500 million plan to prepare the network for an almost fully renewable electricity system within just five years. Despite the U.K. being seemingly paralyzed by Brexit, the network operator says it can already cope with 65% clean energy in the mix.

Mike Cannon-Brookes, co-founder of software company Atlassian Corp, announced on the sidelines of the UN Climate Action Summit in New York he will help fund the ambitious 10 GW, AU$20 billion, Sun Cable Project in Australia’s Northern Territory.

The project the company is developing in Juárez will sell energy to the Mexican department store chain El Puerto de Liverpool through a 15-year PPA for the second contract of the type IEnova has secured with the group.

Athens-based policy group The Green Tank labelled Greece’s decision “historic” while Europe Beyond Coal, an alliance of civil society groups working to make Europe coal free by 2030 said Hungary should target a more ambitious 2025 phase-out.

The government of Spain’s Castilla-La Mancha region has boasted about the territory’s solar credentials at the launch of an auction-backed utility-scale complex.

Solar project milestones helped Neoen achieve a marked profit boost in the first half of 2019, culminating in the addition of more than 1GW to its clean energy portfolio.

BayWa r.e. has added South Korea to its list of target markets, dropping its anchor in Seoul to oversee the deployment of its first solar pipeline in the country.

The world is witnessing an “organic nuclear phaseout” partly precipitated by a drop in solar and wind costs, according to a new report that posits that nuclear power is too slow to build and too expensive to run to effectively fight climate change.