Markets & Finance

Financing for the solar sector grew 55% in the first nine months of 2023 compared with the equivalent period last year.

Tokyu Land and Renewable Japan have agreed to own and operate 1GW of renewable capacity in southern Europe.

Turkey will need to install 5GW of solar and wind capacity every year until 2035, according to Turkish energy minister Alparslan Bayraktar.

Bulgaria has started a public consultation on the country's first renewable auction, with an available capacity of 570MW for wind and solar.

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.