Markets & Finance

The World Bank and Masdar have announced a US$159 million financing package to support a 250MW solar-plus-storage project in Uzbekistan.

The US Department of Energy (DOE) will invest US$71 million into specific solar manufacturing projects across the value chain.

Spanish energy utility Iberdrola has taken full ownership of its US subsidiary Avangrid for a total of US$2.551 billion.

A win by the US Republican Party in this year’s election could decelerate the country’s energy transition and reverse decarbonisation policies.

Currently, over 50% of US solar installations, including residential, C&I and large scale ground mounted solar, have come online since 2020.

The US Department of Commerce (DOC) has initiated investigations into solar cell imports from Southeast Asia under the antidumping and countervailing duty (AD/CVD) tariffs.

GreenYellow has bought Grow Energy Management (GEM), acquiring its 120MW portfolio of PV projects in Portugal and Poland.

Solar trade body SolarPower Europe has launched a digital map to showcase agrivoltaics projects in 10 countries in Europe.

US solar cell and module manufacturer Silfab Solar has completed a tax credit transfer deal with energy software company Schneider Electric.

US independent power producer (IPP) Enfinity Global has secured US$135 million in financing for a 1.2GW solar and wind portfolio in India.