Markets & Finance

“The formation of Solar Powers Illinois stems from the passage of critical legislation: the Climate and Equitable Jobs Act and the Inflation Reduction Act.”

Wind energy supplied 25% of the consumption in Portugal, followed by hydropower (23%), solar PV (7%), and biomass (6%).

US climate investment firm HASI has invested an undisclosed sum into a 605MW solar and solar-plus-storage portfolio owned by US utility AES Corporation.

BrightNight has closed a US$375 million corporate credit facility, which it plans to use to build out a 31 GW pipeline of projects.

Leading US solar companies have made several senior appointments to their teams, including REC Solar, CubicPV and Nextracker.

First Solar has signed a PPA with Cleantech Solar, which will see the latter build 150MW of new solar capacity in India.

The Idaho Public Utilities Commission (PUC) voted late last year (29th December) to shift from a net metering to a net billing model for residential solar installations in a move which will make rooftop solar “unreachable” for most.

Avangrid has cancelled a proposed merger with US utility PNM following two years of delays in the approval process.

Renewables investment firm Copenhagen Infrastructure Partners (CIP) has acquired an 850MW solar PV portfolio from Spanish developer Soltec in Denmark.

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.