News

Canadian renewables company Revolve Renewable Power has received approval to build a 250MW solar-and-storage project on land managed by the US Bureau of Land Management (BLM) in Arizona.

Chemicals company BASF has entered into virtual power purchase agreements (VPPAs) for 250MW of solar PV and wind power in the US.

Germany solar developer Wirsol Energy has received development approval for its Maryvale solar and energy storage project in New South Wales (NSW) by the NSW Department of Planning, Industry and Environment.

UAE-owned renewable energy company Masdar has achieved financial close on its first Azerbaijan solar project with a capacity of 230MW.

US-based start-up Terabase Energy has secured US$44 million in a Series B fundraising round co-led by Bill Gates’ Breakthrough Energy Ventures and venture capital firm Prelude Ventures among others to drive the commercialisation of  its automated solar park construction technology.

The Biden administration has launched a US$26 million fund project to demonstrate the US electricity grid can reliably run on renewables.

Following strong demand in the US market for residential solar, US solar installer Sunrun increased its customer additions by more than in Q1 and posted better-than-expected financial results, while still making a loss.

Hanwha Solutions is reportedly considering expanding its investment into US solar production if the newly agreed upon Inflation Reduction Act (IRA) is passed.

Daqo recorded its best production volume and profits quarter in Q2, primarily driven by a 28% reduction in its polysilicon production cost.

Tata Power subsidiary Tata Power Green Energy has commissioned a 225MW hybrid wind and solar project in the Indian solar hotbed state of Rajasthan.