Markets & Finance

The Australian federal government has presented the ‘Future Made in Australia Bill 2024’ to bolster renewable energy technologies like solar.

A market brief on the first tender to be held in Western Australia under the nationwide Capacity Investment Scheme (CIS) for renewables and energy storage has been published.

A collective effort will be required to realise the potential of the solar PV industry, according to Sonia Dunlop of the Global Solar Council.

The NSW government has declared six renewable energy projects, one solar and three PHES sites, as “critical” for the Australian economy.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

Interest in co-locating solar PV with energy storage is increasing in Southern Europe, as grid curtailments and negative or near zero prices for solar PV become more frequent.

Spanish renewable power developer Zelestra has added €225 million (US$242.1 million) in loan financing to its funding streams.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Genex Power has secured a five-year US$107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.

Solar and storage are playing a key role in Japan's push towards energy security, according to Uranulzii Batbayer and Aniket Autade of Rystad.