UTILITY-SCALE SOLAR

Founder Group (NASDAQ: FGL) wins an EPCC contract for a 30-MW solar project in Malaysia, expanding its utility-scale pipeline and delivery backlog.

Statkraft secured environmental approval for the 150-MW Pinea solar plant in Cáceres, moving the Spanish project closer to construction.

States are rushing permits and contracts so solar projects can start construction in time to qualify for federal tax credits before policy changes kick in.

The U.S. is on track to add 33 GW of utility-scale solar in 2025, about half of all planned new capacity, according to the EIA.

BloombergNEF says global clean-energy investment set a new record even as H1 2025 financing for utility-scale solar and onshore wind cooled.

Britain approved a record 16.1 GW of renewables in Q2 2025, with battery applications doubling year-on-year to 8.4 GW as the grid readies for more PV.

The U.S. remains on track to add about 33 GW of utility-scale solar in 2025, with solar accounting for three-quarters of new capacity in early-year data.

ACWA Power has started commissioning three mega solar projects in Saudi Arabia, adding 2.79 GW and advancing the kingdom’s clean-energy ambitions.

NTPC Renewable Energy issues an EPC tender for a 300-MW grid-connected solar project in Goa, aiming to boost India’s clean-power capacity and investor participation.

The firm has actually secured a $115-million credit facility with worldwide economic services solid Nomura for its utility-scale solar as well as solar+ storage projects in the US. The credit facility will at first support projects completing 1.1 GW of solar and also 188 MWh of battery storage.

The very first facility is a $105 million, 5-year revolving construction credit facility. The 2nd facility is an as much as $130 million 5-year term loan facility, that includes a letter of credit facility and also a delayed-draw term loan.

This financing round complies with a $375 million facility introduced in May 2022. Origis Energy calls the facility as the largest introduced this year for an energy scale solar and also storage development project pipeline.

Higher prices and also restrictions have actually stymied growth after Q2 in India. The scenario is likely to be worsened by March this year, as a lot of projects will certainly go across deadlines to either surrender allowances or cancel, if they can't build.

The corporate PPA market in Asia is finally supplying on guarantee, mirroring the impact this market can make on new renewable capacity as seen in the North American and also European markets. In India, this is also demonstrated by the active rate of interest of large programmers, who have actually announced plans for this over utility scale projects in some cases.

The executed PPAs will certainly enable the construction of ten new large-scale solar projects. These projects are anticipated to be operational in between 2023 as well as 2024.