Markets & Finance

There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.

The Interstate Renewable Energy Council has revealed a 3.5% growth in the number of jobs in the US solar sector between 2021 and 2022.

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

Solar power purchase agreement prices in Q2 2023 in North America have dropped for the first time since Q1 2020 thanks to the increase in incorporating benefits of the Inflation Reduction Act and a stabilised solar supply chain.

Carrie Xiao on a recent workshop held by TÜV Rheinland where PV developers, buyers and investors exchanged views on module quality and buying strategies.

The Philippines Department of Energy (DOE) has awarded 1.96GW of solar PV projects in its most recent Green Energy Auction Round (GEA2).

RWE has signed a series of power purchase agreements with Dominion Energy regarding a solar portfolio with a total capacity of 266MW.

PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.

The IRS’ guidance on the domestic content tax bonus for solar projects under the IRA “makes it difficult for developers to attempt to access the 10% bonus ITC”, according to Martin Pochtaruk, president of North American solar PV manufacturer Heliene.