Markets & Finance

Tech giant Microsoft has signed agreements with RenNew in India and EDP Renewables in Singapore to secure 637.6MW of solar PV energy in Asia.

Enfinity Global is currently building 416MW of capacity in Italy across 17 projects, which have secured long-term power purchase agreements.

Construction is expected to start in November, with the 2GW module assembly plant built in the United Arab Emirates (UAE).

Daqo New Energy's polysilicon average selling price dropped from US$7.66/kg in Q1 2024 to US$5.12/kg in Q2 2024, while its average production cost sat at US$6.19/kg.

Zvi Lando had been in the post for five years and served as SolarEdge’s VP of global sales for ten years prior to that.

With the involvement of new companies in solar, this influx of actors without experience could pose risks for solar project financing.

Generate Capital and KeyState Renewables have closed their third joint fund, which has supported the development of 53.5MW of community solar.

Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.

Horizon Power, Western Australia’s region energy provider, has inked its first Indigenous Land Use Agreement (ILUA) with the Nyul Nyul people of Beagle Bay in Kimberley for a proposed solar PV development.

Singapore-headquartered renewable energy producer Vena Energy has signed an investment agreement with MGen Renewable Energy for a 550MW solar PV project in the Philippines.