Markets & Finance

The financing will be offered to two banks, as they will provide loans to developers and end-users to install rooftop solar systems.

On Wednesday (17 July), the Tasmanian government in Australia removed a ‘speed limit’ measure that has prevented state-owned utility Hydro Tasmania from developing large-scale renewable energy projects, such as solar, without a "cumbersome" Parliamentary process.

Winning bids as low as INR3.41/kWh have been registered in a tender for solar PV paired with battery storage hosted by the SECI.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.

Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

Saudi Arabia's PIF has signed two solar PV manufacturing agreements with Chinese manufacturers JinkoSolar and TCL Zhonghuan Renewable Energy.

Vietnam has planned to buy excess electricity generated by residential and commercial rooftop solar modules.

US-based software provider Aurora Solar has acquired solar design tool Lyra to grow its business in residential plan set services and automation.

North America is expected to be the major market for solar trackers in the upcoming years driven by increased installations in the US.