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Senate Finance Committee reconciliation bill slashes solar PV, wind incentives, energy storage survives

June 17, 2025
US tax credits for solar PV, wind power and electric vehicles are facing dramatic cuts, while those for energy storage are sustained.
The Vena Energy Lombok solar project in Indonesia.

World Bank provides US$600 million loan for 540MW of new Indonesian solar and wind capacity

June 17, 2025
The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind capacity in Indonesia.
The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.

Redeux Energy secures US$30 million credit facility

June 16, 2025
The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.
Image: Sunnova

Sunnova receives court approval for US$90 million debtor-in-possession financing

June 16, 2025
US solar residential installer Sunnova has received court approval for a US$90 million debtor-in-possession financing agreement.
Image: Amazon.

Amazon to invest AU$20 billion in Australian data centres powered by solar PV

June 16, 2025
Amazon plans to invest AU$20 billion to expand Australia’s data centre infrastructure, with utility-scale solar PV plants set to power these.
Nahel Brihi speaks at the 2025 Renewables Procurement & Revenue Summit.
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More technologies, more trust: Changing PPA priorities in Europe

June 13, 2025
The European PPA space could see more tailored PPAs and hybrid deals, according to experts at the Renewables Procurement & Revenue summit.
The project is expected to open in 2026 and will operate in the Midcontinent Independent System Operator (MISO) power market.

Earthrise raises US$630 million for 270MW Illinois solar project

June 12, 2025
Earthrise Energy has secured US$630 million for its 270MWac solar project in Gibson City Solar, Illinois.
Graph showing top solar module brands in Europe.

European buyers remain optimistic, seek to expand module portfolios

June 10, 2025
Buyers in the European solar sector remain positive about the future of the industry, despite fluctuations in solar module prices.
A Sunnova rooftop solar project.

Sunnova, Mosaic file Chapter 11 bankruptcy

June 10, 2025
US residential solar companies Sunnova and Solar Mosaic have filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.
A rooftop solar system in Connecticut. Image: Sunnova.

Sunnova lays off 55% of workforce, subsidiary files Chapter 11 bankruptcy

June 9, 2025
US residential solar installer Sunnova has laid off more than half of its workforce, while a subsidiary from Delaware filed for Chapter 11 bankruptcy.

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