Southeast US utility Duke Energy has sold its distributed commercial generation portfolio – including solar PV developer REC Solar and all of its assets – to investment firm ArcLight Capital Partners. Financial details of the transaction were not disclosed.
2023 is on track to be a “record year” for solar PV installations in the US; through August, 8.4GW of utility-scale solar was installed, 50% more than the equivalent point in 2022. In those deployments, some trends have emerged.
Canadian-headquartered solar-plus-storage developer Watt Renewable Corporation has secured a US$13 million investment to deploy hybrid corporate & industrial (C&I) solar solutions across Nigeria.
Indian renewable energy firm Axis Energy Group has launched a joint venture (JV) with Brookfield India – the local arm of global investment firm and asset owner Brookfield – backed by an initial investment of US$845 million.
The German government is considering the possibility of imposing trade barriers on Chinese-imported solar modules and components to Europe, according to Reuters.