News

Altus Power has acquired an 84MW portfolio of commercial-scale projects from global firm Vitol, in a deal valued at US$118 million.

An increase in shipping times and freight rates due to violence in the Red Sea could carry implications for renewable energy and solar products heading to Europe and the US.

Southeast Asia is expected to add 300MW of floating solar PV (FPV) capacity in early 2024, according to a report from research firm Rystad Energy.

Xcel Energy has announced plans to construct 3.6GW of new renewable power generation capacity and 600MW of new storage facilities.

Making new investments into grid infrastructure could be a method of reducing the impact of price cannibalisation on the European energy grid.

The combination of strict land legislation, elaborate permitting and a fiercely competitive solar developer market trying to meet ambitious PV deployment targets is causing issues for the French solar market.

Norwegian renewable energy developer Scatec has started commercial operation of 150MW solar PV plants in Pakistan.

US solar tracker manufacturer Nextracker has seen high deliveries in its US business with a 70% year-on-year increase in the third quarter of its fiscal year 2024, driving 38% quarterly revenue growth.

Community solar developer Reactivate has partnered with US retailer Walmart and US Bancorp Impact Finance, a subsidiary of financing entity US Bank, to develop solar projects in Illinois and New York, US.

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.