Will Norman

Nine Chinese companies have committed to a collective US$13.76 billion of investment in the Philippines’ renewable energy sector, set to develop solar, wind and energy storage assets.

Sungrow, the Chinese-headquartered inverter and energy storage system supplier, has signed a contract with Samsung C&T to provide its inverter solutions to an 814MW solar PV project in Qatar.

African power development company Ncondezi Energy has secured a land agreement for its 300MW solar PV project in Tete, Mozambique.

Polysilicon prices have fallen off a cliff since mid-late December and the downward trend is expected to continue at least until the Chinese new year.

SunPower has extended its supply agreement with solar technology company Maxeon until 2025 as it seeks to meet rising demand for residential solar in the US.

US residential solar and storage supplier Sunrun has closed US$835 million in non-recourse financings, spread across three tranches.

In early December, the Dutch government announced a €130/MWh revenue cap on solar and wind generation. The decision to lower the cap draws eyes, and potentially spells trouble for the country that installed Europe’s fourth largest solar capacity in 2022.

US independent power producer (IPP) Silicon Ranch has conducted a US$600 million equity raise, bringing its total funds raised in 2022 to over US$1 billion.

PV manufacturer Huasun's Himalaya G12 module has posted a certified power output of 715W, which the company said is a new industry high.

Climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital has closed investment in 1.3GW worth of solar and wind assets to be developed and operated by utility AES. The financing is spread across two programmatic investments of undisclosed value.