Financial & Legal

Average construction costs for US utility-scale solar PV installations continued to drop in 2020, research from the US Energy Information Administration (EIA) has said, whilst onshore wind and natural gas costs rose.

Aspen Power Partners, a US distributed generation developer, has received a US$350 million investment from global investment firm Carlyle. It said that the funds will be used to fuel its growth and acquisitions strategy.

Independent power producer (IPP) Scatec targets to invest NOK10 billion (US$946 million) of equity for new renewable power plants through 2027.

The CEO of US solar installer Sunrun has called for faster action to reduce import delays that continue to impact the country’s PV industry.

The US and United Arab Emirates (UAE) have signed a significant new clean energy framework in Abu Dhabi, the White House has announced.

TCL Zhonghuan cut the price of its solar wafers for the first time this year, with this trend expected to continue as new production capacity comes online across the industry.

California-based renewables operator SB Energy has sealed a 942MW power purchase agreement (PPA) with Google for power produced in four of its Texas-based solar projects. The power will be used to fuel a data centre in Midlothian, Texas.

The European Investment Bank (EIB) will support the RePowerEU scheme with €30 billion (US$29.7 billion) in loans and equity financing over the next five years, as it looks to secure Europe’s renewable energy future and reduce its dependence on Russian gas.

Meyer Burger has approved a capital raise to fund a buildout of the company’s manufacturing capacity for solar cells and modules to approximately 3GW.