US residential solar installer Sunnova has secured a conditional commitment from the US Department of Energy which will offer up to US$3 billion in a partial loan guarantee.
US-headquartered global renewable energy developer Enfinity Global has signed another power purchase agreement (PPA) with Statkraft for 34GWh of solar energy produced at one of its Italian PV facilities.
Renewables developer Oracle Power PLC has signed a cooperation agreement with Chinese state-owned energy company PowerChina to jointly develop a 1GW solar PV project in Pakistan.
The EU has announced a request for proposals (RFP) for a 400MW solar PV tender for projects in Finland, with financing for the tender voluntarily provided by Luxembourg. It is the first cross-border renewable energy tender ever proposed in Europe.
Innovative power purchase agreement structures enable solar asset owners to boost returns and leverage their positions while providing offtakers with the opportunity to protect against increasing electricity prices and enhance their decarbonisation efforts.
The total corporate funding into the global solar sector increased by 55% in Q1 2023 compared with Q4 2022, and 11% year-on-year compared with the same period in Q1 last year.
Over 400 US solar companies have sent a letter to Congress advising against the repeal of Joe Biden’s two-year waiver on solar import tariffs, led by trade body the Solar Energy Industries Association (SEIA).
