Markets & Finance

India-based renewables developer Avaada Group has signed a memorandum of understanding (MoU) with the Indian government of Gujarat to develop 6GW of hybrid solar-wind capacity.

Greek renewables developer Mytilineos has reached financial close on four solar PV projects in Chile, combining 588MW of capacity.

Apex and Microsoft have signed a power purchase agreement (PPA) that will see the latter buy electricity from the Wheatsborough solar project

Europe has to find a balance between a rapid need to scale up PV manufacturing capacity and innovation to remain competitive, according to a report from The European Technology & Innovation Platforms for Photovoltaics (ETIP PV).

Sonia Dunlop and Alyssa Pek of the Global Solar Council reflect on how solar's inclusion in the COP28 agreement can spur the industry to new growth.

Eni Plenitude,has acquired an 80% stake in a portfolio of US projects, which accounts for a power generation capacity of 272MW.

Global renewables capacity will reach 7.3TW by 2028 under existing policies and market conditions, according to the IEA.

The US Energy Information Administration (EIA) expects the contribution of solar power to the US’ energy mix to exceed that of hydropower.

India installed 12.9GW of renewable energy capacity in 2023, over 10GW of which was solar PV capacity. This represents a 28% decline in PV additions and an 18% drop in overall renewables capacity additions year-on-year.

Infrastructure investment manager I Squared Capital has agreed to invest up to US$400 million in Brazilian distributed generation company Órigo Energia.