Australia must build out its solar supply chain, from silicon production to end-of-life processes, and reduce its reliance on imported cells and modules if it is to achieve its potential as a global PV superpower.
Global solar developer Lightsource bp has firmed up AU$540 million (US$365 million) in green financing to fund the development of two Australian PV projects in Victoria and New South Wales.
Scatec, the Norwegian independent power producer (IPP), has signed 273MW of power purchase agreements (PPAs) for solar projects in South Africa under the government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Arizona-based solar technology company Erthos, the inventor of Earth Mount Solar PV, has signed an agreement for a 100MWdc+ utility-scale PV installation in Texas. It is the company’s largest contract to date.
Solar module manufacturer REC has shelved the construction of a 4GW French heterojunction module manufacturing facility, citing "changes in market conditions".
Module-level solar electronics supplier Tigo Energy is due to become a publicly listed company after signing an agreement for a business combination with Roth CH Acquisition IV, a US$117 million special purpose acquisition company.
Australian company Squadron Energy has acquired CWP Renewables in a deal it claims will make it Australia’s largest renewables developer, investor and operator.
The German Federal Network Agency has announced the results of its most recent auction for ground-mounted utility-scale solar PV, with 677MW worth of applications received and just 609MW approved out of a possible 890MW tendered.
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
