A consortium led by private equity giant BlackRock Real Assets has acquired a 10.53% stake in Tata Power Renewables through a INR4,000 crore (US$525 million) investment.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
Solar software company Raptor Maps has closed a US$22 million Series B raise that will be used to further develop its Raptor Solar software platform designed to enable utility-scale and commercial and industrial (C&I) solar companies to make better use of their data.
There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021 according to a Lawrence Berkeley National Laboratory (LBNL) analysis, which also showed that queues were growing year-on-year.
Origis Energy has ordered 750MW of solar modules from thin film manufacturer First Solar, bringing the total quantity of modules Origis has procured from the company to 1.5GW.
European renewable power purchase agreement (PPA) prices surged 8.1% in Q1 2022 and 27.5% year-over-year as the effects of the war in Ukraine further deepened the region’s energy crisis and caused upward price pressures, according to LevelTen Energy.
French energy major TotalEnergies and Japanese oil company Eneos have formed a joint venture (JV) to develop 2GW of decentralised solar capacity across Asia over the next five years.
Major capacity additions in Asia’s non-hydropower renewables sector will facilitate the region's ability to supply electricity amid rising power consumption needs, which look set to outpace all other regions as economies continue to expand after the easing of COVID-19 restrictions, according to a Fitch Solutions’ report.
ESG obligations are helping to drive the implementation of biodiversity at solar farm sites, but questions remain over what happens to sites at the end of their operational lifespan, Alice Grundy writes.
