Canadian Solar has secured a €50 million (US$59.7 million) bilateral corporate facility with Banco Santander to support its project development efforts in Europe, the Middle East and Africa (EMEA).
California Public Utilities Commission has approved a 11.5GW procurement of electricity capacity from greenhouse gas-free sources, while also approving a resolution that campaigners said will have severe negative impacts on the state’s residential solar and solar-plus-storage growth.
Indian conglomerate Reliance Industries will construct an integrated PV module factory and look to enable more than 100GW of solar by 2030 as part of a US$10.1 billion clean energy plan.
The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.
Global inverter supplier FIMER has announced the launch of two new platforms for the utility-scale solar sector that are designed to serve both decentralised and centralised systems
Amazon has announced 14 new renewable projects in the US, Canada, Finland, and Spain, strengthening its position as the largest corporate buyer of renewables globally
The US government is set to block the imports of some solar products with links to the Xinjiang region of China in response to allegations of the use of forced labour.
Michigan utility Consumers Energy has revealed plans to build nearly 8GW of solar by 2040 as part of efforts to accelerate its transition away from coal.
