Markets & Finance

French petroleum major TotalEnergies has signed an agreement with fellow fossil fuel company Petronas to develop a 100MW solar farm in Queensland, Australia.

India’s state-owned company National Hydroelectric Power Corporation has signed a memorandum of understanding with the Green Energy Development Corporation of Odisha to develop at least 1GW of renewable energy across the Odisha state, in India.

Solar and energy storage project development platform Recurrent Energy has secured a €150 million (US$164.1 million) multicurrency facility with Santander Corporate & Investment Banking (Santander CIB)

US community solar owner-operator Summit Ridge Energy (SRE) and Japanese energy firm Osaka Gas USA (OGUSA) have expanded their partnership to construct, own and operate more than 100MW of solar PV in Virginia, the US.

In order to meet the world’s clean energy goals, organisations not considered solar power companies will play a role in this transition.

Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has launched a request for expressions of interest (EoI) to boost the country’s solar PV manufacturing supply chain.

The International Renewable Energy Agency has called for the world to add 551GW of solar capacity per year by 2030.

US utility Duke Energy will purchase 199MW of solar power under a 20-year agreement with renewables developer Ranger Power in Indiana.

Polysilicon material prices have experienced a further decline recently, with the price of mono popcorn reaching a new low of RMB60/kg (US$8.3/kg).

Sunnova aimed to tap into the opportunities in the market as its electricity prices are about US$0.43 per kWh, three times the average power price in the US.