Markets & Finance

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.

Consisting of two projects, the Iepuresti (169MW) and Ghimpati (146MW) plants are located in the southeastern region of Muntenia.

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.