Financial & Legal

Microsoft has unveiled its single largest renewable energy portfolio investment through a new deal with US energy firm Sol Systems.

Sonnedix has reached financial close on a 40MW utility-scale solar farm in Japan, adding to a growing portfolio of solar in the country.

Renewables auctions in Ireland have been given the go-ahead after the European Commission cleared the country’s mechanism for state aid.

Seven companies have been shortlisted for funding from a AU$70 million pot to help green hydrogen projects in Australia.

BayWa r.e. has broken ground on a 64.6MWp solar farm in Poland – the country’s largest – as it sets sights on a 600MW portfolio in the country.

A round-up of policy developments and project news from the US, where Massachusetts’ SMART programme has doubled its capacity and plans to launch a regional imbalance market in the Southeast have come under scrutiny.

Kuwait has cancelled a 1.5GW solar project meant to power the country’s state-owned petrol company citing the ongoing COVID-19 pandemic.

Canadian solar companies have complained about the Mexican government’s treatment of them, warning that the regime may have already breached a new trade deal signed between the two countries earlier this month.

Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.

US utility firm PacifiCorp has launched its largest request for proposals for energy projects yet, seeking bids for more than 1.8GW of new solar and 600MW of battery energy storage.