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The decision has been forecast for some months and was welcomed today by Holland Solar, the Dutch solar association, which acknowledged that the current scheme is “no longer sustainable”.

The deal pertains to Runergy’s operations in the US, where it operates a 2GW TOPCon module production facility in the state of Alabama.

Independent power producer BNZ has closed a financing deal worth €680 million (US$741million) to fund its ongoing solar portfolio expansion plans in southern Europe.

France installed 4GW of solar PV capacity in 2023, a “record” according to the International Energy Agency (IEA).

The EU would benefit from policies to develop 'nature-inclusive solar', according to SolarPower Europe and the Nature Conservancy.

US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona.

The Burdekin Shire Council has permitted construction on a proposed gigawatt-scale multi-staged solar PV development in Queensland, Australia.

Indian solar manufacturer Gautam Solar has announced plans to expand its module manufacturing capacity to 5GW by April 2025.

Construction of the cell plant in Ethiopia is expected to start in November 2024, with the start of production aimed at the end of the first quarter of 2025.

The world will need to invest US$1.5 trillion per year until 2030 to meet the target of tripling clean power capacity by 2030.