Despite having the ideal attributes to become a clean energy superpower, Australia has never quite lived up to its potential. Will Norman assesses the barriers and asks whether recent investment announcements could turn the tide.
US climate investment firm HASI has invested an undisclosed sum into a 605MW solar and solar-plus-storage portfolio owned by US utility AES Corporation.
The Idaho Public Utilities Commission (PUC) voted late last year (29th December) to shift from a net metering to a net billing model for residential solar installations in a move which will make rooftop solar “unreachable” for most.
US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.
The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.
Spanish PV developer Solarpack has begun construction on its 300MW San Martin solar project in Peru. It said that the site will be the “largest” in the country upon completion in Q2 2025.
US solar manufacturer CubicPV has signed a long-term supply agreement with South Korean-owned polysilicon producer OCIM to support its planned solar wafer manufacturing facility.
