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.
Steel manufacturer ArcelorMittal has partnered with Indian renewable company Greenko Group to develop a 975MW 'round the clock' wind and solar project in India.
Swedish renewable developer Recap Energy and Finnish investment company Korkia have signed a joint venture (JV) to develop more than 200MWp of ground-mounted solar PV projects in Sweden over the next four years.
Solar installations in Central America must more than double this decade, before doubling again out to 2050 if the region is to be put on the lowest-cost path towards decarbonisation, a study by the International Renewable Energy Agency (IRENA) has found.
