French independent power producer (IPP) Neoen has secured AU$1.4 billion (US$890 million) in capital to fuel new solar PV, wind and energy storage projects in Australia.
The sites are expected to generate over 120MW of solar power, Nexamp said, across the states of Maine, Massachusetts, New York, Illinois and Minnesota.
Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the scheme aims to support the construction of new solar PV, onshore wind, hydropower for a combined 17.65GW of renewable capacity.
Overall, Germany (with 16.1GW added in 2024) continues to be the most important market in the European Union for solar PV, followed by Spain (9.3GW) and Italy (6.4GW).
