Solar developer Heelstone Renewable Energy has closed a tax equity investment for four solar projects in Georgia, the US, with a cumulative capacity of 320MWdc.
The European Commission (EC) has granted €3.6 billion (US$4.04 billion) to 41 large-scale clean tech projects via the EU Innovation Fund, including three projects on PV modules under the clean tech manufacturing category.
German renewables developer MaxSolar has secured a €410 million (US$460 million) financing facility to support 2GW of solar PV and co-located storage projects in the next five years.
The CEO Alliance, which includes utilities Iberdrola and Enel, has released a policy paper which recommends the European Union to accelerate and simplify permitting procedures for renewables.
Despite projections that solar PV and wind generation capacity will more than double by 2035, the Texas transmission grid will need to be upgraded to avoid increased asset curtailment across the state.
Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.
