German independent power producer (IPP) ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG, intended to fund ILOS’s plans for over 2GW of solar and battery storage capacity by 2026.
The EU will introduce shorter permitting times for solar and renewable energy assets in the most recent addition to its REPowerEU scheme, agreed on by the European Council this week.
The EU installed 47% more solar in 2022 than last year and is on track to double its capacity by 2026 to an expected 484GW, according to a report by industry association SolarPower Europe.
Renewable energy producer Neoen has begun construction on what it is calling Portugal’s ‘largest’ solar park, a 272MWp facility comprising of two contiguous solar projects. The park is expected to be commissioned in early 2024.
Enertis Applus+, the global quality control and testing firm, is providing supply chain quality control and assurance services to a 2.5GW portfolio of solar PV projects across the US.
Since August 2022 there have been 12 new solar PV manufacturing facilities announced in the US that represent 22GW of module and cell production capacity, according to a report by American Clean Power (ACP).
NEM 3.0, the latest iteration of California’s rooftop solar net metering scheme, was passed yesterday by the California Public Utilities Commission (CPUC). Vocal public debate surrounded the legislation before the vote as solar industry workers and representative bodies called for revisions to the proposed decision.
CSI Solar, the majority-owned subsidiary of PV manufacturer Canadian Solar, will commence mass production of high-efficiency n-type TOPCon solar modules from Q1 2023. The company said its TOPCon modules could reach up to 690W of power output.
Japanese-headquartered financial services group ORIX Corporation has taken full ownership of Spanish renewables firm Elewan Energy after acquiring a further 20% stake in the company.
