Markets & Finance

Juan Monge, principal analyst at Wood Mackenzie, says the EPBD timeline is plausible, although “the devil is in the detail”. 

Responsibility for awarding permits for new renewable projects in Michigan will remain with the state’s Public Service Commission.

Google has signed virtual power purchase agreements (PPAs) with two Japanese companies to build 60MW of new solar capacity in Japan.

The European Council has adopted the EU’s Net-Zero Industry Act as the EU looks to bolster its clean energy manufacturing industries.

Singapore-headquartered solar manufacturer Maxeon has failed to sue fellow manufacturer Aiko Solar over alleged solar technology patent infringement.

Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.

Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.

Waaree Energies has signed an agreement to supply 445MW of modules to Statkraft India for a project in Bikaner, Rajasthan.

Indian solar installations increased by over 400% in the first quarter of 2024 to the highest quarterly deployment levels in its history.

Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.