Markets & Finance

The US Department of Energy has agreed to supply up to US$3.3 billion in loan funding to US residential solar developer Sunnova.

French oil giant TotalEnergies has acquired Ombrea, an agrivoltaics developer, for an undisclosed sum.

Soltec has published its financial results for the first half of the year, in which the company posted revenues of €184.5 million.

France has awarded 1.5GW of ground-mounted solar PV capacity in its latest auction, concluded this week (26th September).

The US Energy Information Administration has published its latest monthly report into the country’s energy mix.

UAE-based renewables developer AMEA Power has reached financial close on a 120MW solar PV project in Tunisia, the company’s first foray into the country.

Argentina’s Ministry of Economy has signed an agreement with ten northern provinces – also known as Región Norte Grande – to deploy 2.5GW of renewables.

US solar manufacturer Toledo Solar has settled its lawsuit with cadmium-telluride (CadTel) thin film solar manufacturer First Solar for an undisclosed amount.

North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.

The expansion of solar PV and battery storage is keeping the global net zero 1.5 degree pathway open, and the current host of planned manufacturing capacity expansions will be enough to meet demand by 2030.