Markets & Finance

Global alternative asset manager Blackstone is lending US$200 million towards the construction of new solar PV projects in the US by Altus Power.

Singapore-based energy company Sembcorp has announced an agreement to buy 245MW of renewables projects in Vietnam.

A total of AU$150 million will be made available for applications focusing on regional decarbonisation of industrial process heat and off-road transportation.

SMA Group has posted an improved financial results for the first nine months of 2023, with sales increasing by more than 84% year-on-year.

The European Commission has approved a €1.7 billion (US$1.8 billion) scheme to support the deployment of 1.04GW of agrivoltaics projects in Italy.

US distributed solar asset owner Spruce Power has posted increased sequential revenues and adjusted EBITDA in the third quarter of 2023, as its total portfolio of residential solar assets and contracts increased to over 75,000.

Details of nearly 4,000 utility solar projects in the US have been compiled in what is being hailed as the most comprehensive public database of large-scale PV systems to date.

US renewables asset manager Arevon Energy has reached financial close on its 157MW/150MW (600MWh) Vikings solar-plus-storage project in Imperial County, California.

Poland boasted 18GW of solar PV projects with grid connection approvals issued as of the end of the third quarter of 2023, according to Polish research group Institute for Renewable Energy (IEO).

Two utilities in Kentucky, US, have received approval from the Kentucky Public Service Commission (KPSC) to add 1GW of solar PV and energy storage to replace a 600MW coal plant by 2027.