Markets & Finance

UAE state-owned renewable energy developer Masdar has acquired a 50% stake in US IPP Terra-Gen from Energy Capital Partners.

Japan has announced the new feed-in tariffs (FIT) for residential and commercial and industrial (C&I) solar installations for 2024 and 2025.

Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.

Global investor KKR has acquired a majority stake in US-based solar and energy storage developer Avantus.

Italian grid operator Terna has planned to invest €16.5 billion (US$18 billion) in the next five years to strengthen and expand Italy’s transmission grid.

The Solar Energy Manufacturers for America (SEMA) Coalition has called for a “strengthening [of] the domestic supply chain”.

Solar manufacturer JinkoSolar has ended 2023 with 78.5GW of solar modules shipped, up 76.4% year-over-year.

Chinese companies supplied half of US PV modules in 2023, but Indian imports are growing as restrictions on Chinese products tighten.

Charles Boynton will start his new position in Nextracker in May and lead Nextracker’s global finance and accounting organisation.

Record renewables capacity additions and the progress in the energy transition last year are insufficient to meet the 1.5°C scenario.