Markets & Finance

Unlike the price ceiling for wind, which has not changed compared to 2024, all three auctions involving solar PV have been revised down to take into account the decrease in the forecast levelised cost of electricity, said the Bundesnetzagentur.

French independent power producer (IPP) Neoen has secured AU$1.4 billion (US$890 million) in capital to fuel new solar PV, wind and energy storage projects in Australia.

The sale of the three phases represents 23% of the capacity of the Oasis de Atacama solar-plus-storage project.

The deal will cover power generated at two DESRI facilities in the US, a 250MW project in Missouri and a 150MW project in Texas.

Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the scheme aims to support the construction of new solar PV, onshore wind, hydropower for a combined 17.65GW of renewable capacity.

Overall, Germany (with 16.1GW added in 2024) continues to be the most important market in the European Union for solar PV, followed by Spain (9.3GW) and Italy (6.4GW).

A paper published by the ESMC Working Group praises the NZIA but says there are gaps which need to be filled.

Romania's Ministry of Energy’s first Contracts for Difference (CfD) has awarded 11 solar PV projects with a combined capacity of 432MW.

With its first European office, in Germany, Tongwei aims to build its brand awareness and invest in ESG strategies across the continent.

Tax credit transference measures introduced under the Inflation Reduction Act have led to billions of dollars of new investment in solar and other clean energy projects. Alfred Johnson and Katie Bays look at some of the risk mitigation and due diligence best practices that can reduce the complexity and cost of tax credit transactions.