News

Floating solar PV in Australia has received a boost, as Canopy Power Australia and Ocean Sun, a Norwegian company specialising in floating solar technology, revealed a strategic partnership yesterday (4 February).

The US has surpassed 50GW of annual nameplate capacity for module capacity, according to the Solar Energy Industries Association (SEIA).

Long-term solar project finance will need to be more reliant on flexible financing mechanisms, such as securitisation.

Growing hybridisation and co-location of renewable power projects and storage facilities could strengthen revenue in Europe’s power sector.

Photon signed the contract with EDP Renováveis (EDPR), the Portuguese energy utility and project developer.

The projects, with 517MW cumulative capacity, are currently under construction and expected to begin operations by the end of 2025.

This comes after the IPP received siting permit and a formal notice to proceed with construction from the New York Office of Renewable Energy Siting and Transmission (ORES).

The gap between the largest and smallest markets in the European renewable energy sector have narrowed in recent years.

Indian solar manufacturer Premier Energies has put under review its plan to build a solar cell plant in the US due to policy uncertainty.

Economic trends and the US election have changed the conditions for investment in the European solar sector, say SFIEU panellists.