Financial & Legal

A round-up of the latest solar project news, as BNZ enters Portugal, Centrica pens a VPPA with Matrix Renewables in Spain and a 73MW plant in California is completed.

Polysilicon producer Daqo New Energy has launched a US$120 million share buyback scheme after seeing its cash reserves swell.

Europe can go above and beyond the 740GWdc solar target set within the REPowerEU plan, but stakeholders remain split on the strategy.

Rallies are set to be held in San Francisco and Los Angeles as the California Public Utilities Commission meets to discuss controversial net metering proposals for the state.

Rents and fees for deploying solar and wind on US federal lands are set to be substantially reduced as part of a new policy from the Biden administration aimed at enhancing rate predictability for developers.

US utility Southwestern Electric Power Company (SWEPCO) has sought approval from Louisiana’s regulators to acquire a solar project there.

IKEA owner Ingka has acquired shovel-ready solar and wind assets in Poland from renewables developer OX2 in a €190 million (US$203 million) deal.

India’s renewable capacity now stands at 109.9GW as of the end of March, with solar accounting for 53.4GW (47%), while another 72GW of solar is either in the pipeline or at bidding phase, according to JMK Research.

Solar projects worth 166MW of capacity have won out in Brazil's latest renewables auction, energy regulator EPE has confirmed.

Floating solar system provider Ocean Sun is preparing to scale up the utility-scale deployment of its technology as its management calls for more regulatory frameworks to unlock the potential of the floating PV segment.