Solar Markets & Finance News

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.

Macquarie Group intends to build a 20GW renewables pipeline over the next five years through its Green Investment Group (GIG), the green finance bank it purchased from the British government in 2017.

Scatec Solar has raised NOK1.32 billion (US$146 million) in a private placement for its global solar pipeline.

The European Investment Bank (EIB) and Dutch development bank FMO have agreed to finance the construction and operation of a duo of Kenyan solar plants that have a combined capacity of 80MW.

Bifacial PV stands on the edge of a boom across the world’s four corners as cost improvements and geopolitics strengthen the case for the budding technology, according to Wood Mackenzie.

Microsoft has purchased 85MW of solar energy from Engie as part of a broader agreement covering 230MW of clean energy generated by the developer's Texas operations.

Lightsource BP has secured US$140 million financing for a portfolio of seven utility-scale PV projects across the US.

The advent of permitting restrictions on wind power projects has opened the door for PV in the pending auction for renewable generation facilities with a capacity of more than 1 MW. Wind power dominates Polish clean energy and no solar projects were successful in last year’s exercise.

The Paraná-based energy provider will buy renewable energy under a 15-year power purchase agreement. The auction’s winners and final prices were not revealed.