Markets & Finance

Energy company AES Andes has acquired a 146MW solar PV plant in Chile from EDF EN Chile and Marubeni Corporation.

All developers active in the US market will increase their renewable energy development, while over 60% will participate in domestic clean energy manufacturing buildout.

Solar and storage investor CleanCapital has secured a US$500 million investment from Manulife, a global financial services group. This followed a US$300 million initial cash injection from Manulife in 2021.

The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.

Nobel Energy has signed a memorandum of understanding with Azerbaijan to develop a 400MW solar project in the western exclave of Nakhchiva.

Ohio House has introduced a solar bill that will accelerate the growth of community solar development under a state-wide pilot programme.

Crow Holdings has launched a renewable power arm, which will work to develop community solar projects and “mid-sized, utility-scale projects”.

Lithuanian software company PVcase has acquired US solar siting software platform Anderson Optimization.

US utility AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.

In a recent study, Rystad Energy said Spain is on track to become the first of the top five European countries, including France, Germany, Italy and the UK, by power demand to generate more than half of its power from renewable sources.