Markets & Finance

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.

Solar project developer Lightsource bp has secured NZ$267 million (US$162 million) to support the development of its 168MWdc Kōwhai Park solar PV project at Christchurch Airport, New Zealand.

The Australian Energy Market Commission (AEMC) is set to integrate new rules surrounding consumer energy resources (CER) to exercise greater control over their use, aiding solar PV’s role in the electricity mix.

The European Bank for Reconstruction and Development (EBRD) has provided a €25.1 million loan for 50MW of solar in Bosnia and Herzegovina.

Australian retailer AGL Energy has entered into a binding agreement to acquire solar and BESS developers Firm Power and Terrain Solar.

Italy has adopted the new FER 2 decree, which will provide tariffs for a number of renewable power technologies, including floating solar.

Chinese PV manufacturer Tongwei has announced plans to obtain a controlling interest in fellow Chinese company Runergy.

Anza has launched a new programme to provide industry decision-makers with real-time information on solar products.

Meta has signed two power purchase agreements (PPAs) with German firm RWE to acquire power from two of its solar farms in the US.

NextPower V ESG (NPV ESG), an international fund operated by NextEnergy Capital (NEC), has acquired a 248MW Spanish solar PV portfolio.