Financial & Legal

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.  

Edison Energy has revealed that the average price of power purchase agreements across Europe and the US has fallen from Q1 to Q2 2023.

The US Department of Energy (DOE) has announced plans to release US$20 million in funding for solar waste reduction and lifecycle technologies, including US$8 million of funding from the Bipartisan Infrastructure Law.

Greenvolt Power has sold two renewable power projects to Polish electric utility Energa Wytwarzanie, with a total solar capacity of 32MW.

Indian state-owned utility SJVN will develop 1.2GW of solar PV projects to supply power to the Punjab State Power Corporation Limited.

The Australian government has announced AU$50 million (US$33.7 million) in investment to develop renewable energy supply chains – notably for solar and energy storage – in the Indo-Pacific.

ReNew will receive US$7.8 billion in funding from two Indian government departments to develop clean power projects in the country.

Electrification cable manufacturer Nexans has been awarded a €1.43 billion (US$1.59 billion) contract for a portion of the EuroAsia Interconnector subsea cable, connecting Greece and Cyprus.

Spanish independent power producer (IPP) Opdenergy has secured €128 million (US$143 million) to finance 216MW of solar PV in Spain.

Tesla’s Q2 2023 solar PV deployment decreased 38% year-on-year to 66MW as its battery storage system additions was met with a slight decrease from the previous quarter.