News

Energy technology company AES Corporation is still on track to reach its target of 4.5-5.5GW in long-term renewables and energy storage contracts in 2022, having already signed 1,618MW in the year to date, according the firm’s Q2 financial report.

The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.

Spanish developer X-Elio has been awarded 15MW of solar PV capacity in Japan’s first feed-in premium (FiP) auction.

At least 7GW of US community solar is expected to come online in the next five years, according to a new research from Wood Mackenzie.

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.