Markets & Finance

The European Commission has targeted a 90% share of EU electricity consumption by 2040 to come from renewables – mostly solar and wind – and complemented by nuclear energy, according to a leaked draft first obtained by French media Contexte.

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.

Global renewables investment platform Qualitas Energy has acquired US solar and storage platform Heelstone Renewable Energy for an undisclosed sum.

Pexapark has found that European buyers struck power purchase agreements (PPAs) for a record 16.2GW of clean power in 2023.

Portuguese utility EDP, through its subsidiary EDP Renewables (EDPR), has acquired Australian solar developer ITP Development.

New solar installations in China reached 216.88GW in 2023, a 148.12% year-on-year increase, according to the National Energy Administration of China.

PV Tech Premium spoke with Johan Lindahl, secretary general at the ESMC about Europe's solar manufacturing industry's dire situation.

Increased renewables capacity and higher earnings from international electricity generation have driven up German utility RWE's financial results for 2023.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.