acity must reach 5.2TW by the end of the decade in order to meet the 1.5°C Paris climate goal, according the International Renewable Energy Agency (IRENA) latest World Energy Transition Outlook.
US residential solar installer SunPower launched an upgraded version of its battery storage system, dubbed SunVault, claiming it can now provide whole-home backup in the event of power failure.
Solar manufacturer LONGi has revised the price of its G1 and M6 p-type wafers in its fifth price revision so far this year, taking prices to a near five-month high.
Investment firm Altor Fund V has acquired a significant minority stake in residential solar company Svea Solar with a major investment aimed at accelerating the installer's expansion in Europe's residential rooftop market.
Renewables investor Aquila European Renewables Income Fund has acquired a 100MWp solar PV portfolio currently in construction in Spain, doubling its portfolio's current solar PV capacity.
Italian grid operator Terna will invest €9.5 billion (US$10.45 billion) to help improve the country's national transmission grid and build cross-border interconnections, paving the way for easier access for renewables.
Japanese investment firm Mitsui has invested €575 million (US$631.56 million) in common shares from renewable developer Mainstream Renewable Power, bringing its valuation to €2.1 billion after the transaction.
New York now has more than 1GW of community solar installed, becoming the leading US state for community solar, according to New York governor Kathy Hochul.
Latin America-focused solar developer Atlas Renewable Energy has started operations at a 244MWp solar PV plant in Antofagasta, Chile. that will generate 714GWh annually.
