Financial & Legal

The International Renewable Energy Agency has called for the world to add 551GW of solar capacity per year by 2030.

US utility Duke Energy will purchase 199MW of solar power under a 20-year agreement with renewables developer Ranger Power in Indiana.

Polysilicon material prices have experienced a further decline recently, with the price of mono popcorn reaching a new low of RMB60/kg (US$8.3/kg).

Utility Enel has signed a 15-year solar virtual power purchase agreement (VPPA) with bearing manufacturer SKF in Spain.

Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.

Senegal has announced a partnership with several countries and the EU to accelerate renewable energy deployment, receiving €2.5 billion (US$2.71 billion) new and additional financing starting from 2023.

Alternative asset manager Blackstone Infrastructure has invested US$1 billion in equity investment in Invenergy Renewables to support its expansion.

Canadian investor Altius Renewable Royalties has invested US$45 million into US renewable developer Hexagon Energy.

The European Commission has approved an amendment to an Estonian scheme supporting electricity production from renewable energy sources and efficient co-generation.

Climate insurance provider kWh Analytics has published a report detailing the three types of risk that solar developers could face, including extreme weather, financial modelling and operations.