Markets & Finance

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has made an initial closing on BlackRock’s investment.

The US Department of Energy (DOE) has invested US$9.5 million into four institutions to examine the social impacts of utility-scale solar project siting.

Queensland is set to allocate AU$26 billion to its Energy and Jobs Plan over the next four years to bolster renewables development.

US analyst Lazard notes that renewable energy technologies continue to have some of the lowest LCOE figures in the US.

Earlier this month the agriculture minister, Francesco Lollobrigida, announced a plan to "put an end to the wild installation of ground-mounted photovoltaics" on land classified as agricultural land.

A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.

Ember Climate suggests that the EU will need to invest at least €58.4 billion a year on transmission and distribution grids.

Indian renewables developer Avaada Energy has secured a 1050MW contract in a tender issued by the government’s Renewable Energy Implementing Agency (REIA) and National Thermal Power Corporation (NTPC).

Brookfield intends to acquire French independent power producer (IPP) and renewables and energy storage developer Neoen.

Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million.