Markets & Finance

US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.

The facility can process up to 100,000 tonnes of decommissioned solar modules per year that can reduce electronic waste sent to landfills.

“We believe this policy will unlock opportunities for renewables as it increases electricity supply avenues."

Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

US energy technology company Generac has been awarded a US$200 million grant from the Department of Energy (DOE) to deploy residential solar PV and energy storage systems in Puerto Rico.

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.