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Polish oil as well as gas major PKN Orlen (WSE: PKN) has allocated PLN 70 billion (USD 15.8 bn/EUR 14.8 bn) for developing renewable resource sources under its upgraded method for the 2023-2030 period, the company claimed on Tuesday.

Carne project in New Mexico has offtake contracts with El Paso Electric (EPE) and also schedules online in 2025

Montenegro giving green light to two major solar power projects with investment of EUR 200 million. Generating 219.9 GWh of electricity annually, the projects could help meet the country's renewable energy targets. VAT on solar panels reduced to attract investments.

Solar energy is expected to reach record levels this summer in Europe, but the EU must take steps to ensure photovoltaic investment and prevent solar power curtailment. Suggested measures include accelerating permitting on electric grids, promoting hybrid projects and cost-sharing by fossil generators.

Chinese solar giants flock to Vietnam, investing billions in manufacturing hubs to bypass trade restrictions and secure a strong foothold in the global solar market.

Solar developers urge Biden administration to back US manufacturing, avoid tariffs on imports. Industry groups push for policy changes to support domestic panel making.

Enfinity Global Inc secures $135 million from CPP Investments to power over two million households in India with 1.2 GW of solar and wind projects.

Australia's record-breaking green bond attracts global investors, oversubscribed three times at AUD 7 billion. Funding climate projects for a sustainable future.

Technique Solaire Group expands its renewable energy portfolio with 58 MWp of solar projects in the Netherlands and Spain, aiming for over 600 MWp in Spain by 2030.

Romania sets ambitious targets for battery energy storage systems, aiming for 2.5 GW by next year and 5 GW by 2026. Major investments underway to meet growing energy needs.

TOYO Co Ltd boosts solar capacity in Ethiopia, doubling output to power Africa's sustainable energy future.

Excelsior Energy Capital secures over $1 billion for its second renewable fund, fueling North America's transition to sustainable energy with solar, wind, and storage projects.

Quadoro and EB-SIM's QEEE fund powers up with 25.9 MWp solar parks in Germany, boosting sustainable energy investments and targeting 5-6% annual returns.

Entech boosts its solar power prowess with a 159 MWp acquisition from TotalEnergies, solidifying its role in France's renewable energy revolution.

The International Energy Agency has acknowledged remarkable falls in power financial investment brought on by the Covid-19 situation but stated renewables, consisting of PV, provided an attractive suggestion to investors as the dust worked out, provided their enticing business economics and brief turnaround times.