Markets & Finance

Swedish independent power producer (IPP) OX2 has acquired the Corop solar-plus-storage project in Victoria, Australia, adding a 230MWac solar PV power plant and up to 290MW/1,160MWh of battery energy storage to its Australian portfolio.

Grenergy has launched a reverse auction in Chile to sell 1.5TWh of annual electricity supply backed by its solar PV and BESS portfolio.

Australia's National Electricity Market (NEM) recorded a combined 2,413GWh of solar generation in June 2026, comprising 1,092GWh from utility-scale assets and 1,321GWh from rooftop systems.

The Spanish Ministry of Ecological Transition (MITECO) has awarded more than €160 million (US$183 million) in funding to 40 clean energy manufacturing projects, three of which are for solar PV.

The Asian Development Bank (ADB) has approved a US$160 million loan to support the deployment of at least 310MW of new solar capacity in Bhutan.

The US is reportedly drafting a ban on Chinese solar inverters over concerns that they pose a risk to the grid.

As the 4 July safe harbour deadline nears, VDE Americas’ Lisa Casey says US solar is at a decisive but nuanced turning point.

The LCOE for solar PV increased marginally in 2025, reaching US$44/MWh, up from US$43/MWh in the previous year.

India's MNRE has urged the power regulator to retain separate 'Deviation Settlement Mechanism' rules for solar and wind projects to protect them against increased financial risks.