Financial & Legal

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).

With 860MW of large-scale solar added in 2022, Australia added nearly half of the capacity it did the year before when it installed 1,683MW in 2021.

The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries. 

Procuring power purchase agreement tools will be an option for industry players amid an energy pricing crisis and volatility.

Lithuanian renewables developer Green Genius has partnered with Eiffel Investment Group to develop and finance a 500MW solar PV portfolio in Italy.

The acquisition included 72 solar projects, of them 90% being community solar projects, and six battery storage projects.

The European Solar Manufacturing Council (ESMC) has called on the European Union member states to allocate financial support from REPowerEU grants to support solar PV manufacturing.

On April 12, the Silicon Industry Branch announced the latest solar-grade polysilicon prices, which were between RMB190-200/kg on average, with the lowest price set at RMB180/kg (US$26.2/kg).

After this transaction, SunPower can provide customers with loan options at tenors of up to 25 years through SunPower Financial.