Markets & Finance

Emeren has announced its financial results for the second quarter of this year, which include revenue of US$30.1 million.

In related news, Google has signed a strategic long-term agreement with independent power producer Energix Renewables to develop 1.5GW PV.

The American Alliance for Solar Manufacturing Trade Committee claims that imports from Vietnam and Thailand have "accelerated" since April's AD/CVD petition, and has alleged Critical Circumstances.

Utility giant Engie’s Australian division has reached financial close on its 250MW Goorambat East Solar Farm project in northern Victoria.

Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.

Solar project developer Lightsource bp has secured NZ$267 million (US$162 million) to support the development of its 168MWdc Kōwhai Park solar PV project at Christchurch Airport, New Zealand.

The Australian Energy Market Commission (AEMC) is set to integrate new rules surrounding consumer energy resources (CER) to exercise greater control over their use, aiding solar PV’s role in the electricity mix.

The European Bank for Reconstruction and Development (EBRD) has provided a €25.1 million loan for 50MW of solar in Bosnia and Herzegovina.

Australian retailer AGL Energy has entered into a binding agreement to acquire solar and BESS developers Firm Power and Terrain Solar.

Italy has adopted the new FER 2 decree, which will provide tariffs for a number of renewable power technologies, including floating solar.