News

The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities.

Canadian renewables firm Westbridge Renewable Energy has entered into definitive agreements with Greek developer Mytilineos’ subsidiary, Metka, to purchase a portfolio of five projects in Canada.

Lightsource BP has completed a US$460 million financing package that will enable the construction of 368MW of solar power in the US.

British-headquartered oil giant Shell has acquired 1.1GW worth of solar PV projects from Spanish solar generation company Isemaren.

French energy company TotalEnergies has sold most of its climate venture capital (CVC) arm, TotalEnergies Ventures, to French VC firm Aster.

Solar PV additions have seen significant increase over the past few years, while it is also leading the increase in new renewable capacity worldwide this year, according to the International Energy Agency’s latest report Renewable Energy Market Update June 2023.

Clean energy company Nexamp has secured US$400 million in debt and equity financing to develop up to 250MW of community solar and storage projects across the US.

Emeren published its financial results for the first quarter of the year, posting total revenues of US$12.9 million.

Italian PV manufacturer FuturaSun has acquired a research and development startup, Solertix, which focuses on perovskite cell technology research.

Spanish power company Iberdrola and the sovereign fund of Norway will invest in 1.3GW of renewable capacity in Spain.