Markets & Finance

US distributed solar supplier has acquired a portfolio of over 2,400 residential solar systems and contracts in the US.

GCL System Integration has agreed to supply 1.1GW of n-type solar modules to Indian renewables firm SAEL Industries.

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.

The Australian government’s green bank Clean Energy Finance Corporation (CEFC) has increased its renewable energy investment to a record of AU$1.2 billion (US$770 million) in the 2022-23 year.

China has announced a plan to establish a recycling system for retired solar PV panels by 2025.

The California Energy Commission has revealed that solar generation in California has increased more than twentyfold between 2012 and 2022.

US energy utility Duke Energy has outlined plans to add 6GW of solar PV and 2.7GW of energy storage assets in North Carolina by 2031.

Meyer Burger has published its financial results for H1 2023, reporting strong production figures, but losses of US$49.4 million

A recent report covered by PV Tech suggested that solar power purchase agreement (PPA) prices in North America have dropped for the first time since the first quarter of 2020, but this could hardly be a long term trend as multiple challenges will prevent the prices from falling.