Markets & Finance

The US EIA has published its latest report, which predicts that, by 2050, India could dominate the world’s solar installations.

The levelised cost of energy for solar PV will drop to US$21/MWh by 2050, according to DNV's Energy Transition Outlook 2030.

Solar manufacturer Maxeon Solar Technologies' shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to a reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.

The International Financing Corporation has signed a deal with Moroccan state-owned phosphate mining and fertiliser producer OCP Group to partially finance 400MW worth of solar PV.

The EU will now meet 42.5% of its energy demand with renewables by 2030, up from the 40% originally included in the REPowerEU scheme.

Evergrow has claimed the first tax credit transaction using transferability under the Inflation Reduction Act for a solar plant in Connecticut.

Norwegian energy company Statkraft has announced that president and CEO Christian Rynning-Tønnesen will leave the company after more than 13 years in office.

Many large solar PV projects cross over First Nations land, and the representative body the First Nations Clean Energy Network (FNCEN) says that “proper and meaningful engagement with First Nations will be essential for the success of the renewable energy sector.”

Sunstone Credit on its takeaways from the RE+ event and the biggest trends looking forward for the US solar industry.

French renewable power company Voltalia has sold a ready-to-build 420MW solar PV project in Brazil to energy company Newave Energia.