Markets & Finance

With the United States on the cusp of an IRA-driven surge in utility-scale PV deployment, Mark Bolinger and Joachim Seel of the Lawrence Berkeley National Laboratory cover key technology and market trends in this synopsis of their annual “Utility-Scale Solar” report series.

Chinese solar manufacturer GCL System Integration Technology (GCL SI) has secured a 550MW PV module supply agreement with Indian state-owned utility SJVN Green Energy.

Estonian independent power producer (IPP) Sunly has secured €65.9 million (US$71 million) towards the development and construction of 98MW worth of solar PV projects in Poland.

The European Parliament and European Council have agreed new regulations to boost EU's solar manufacturing.

The European Commission has acknowledged the current state of Europe's solar manufacturers, yet has come short of implementing any measures.

The European Bank for Reconstruction and Development (EBRD) has backed a €25 million (US$27 million) investment into a 112.5MW solar PV project in north-eastern Bulgaria.

The Connecticut Green Bank has more than doubled its support for commercial-scale solar, and will now commit US$110 million to new facilities.

More than a quarter of the European Union’s (EU) electricity (27%) came from solar and wind in 2023, according to new analysis from energy thinktank Ember.

The recommendation suggests a 90% reduction in net greenhouse gas emissions by 2040 compared to the levels in 1990.

Enphase Energy has published its financial results for the fourth quarter of 2023, which includes quarterly revenues of US$302.5 million.