Markets & Finance

Europe’s main barrier to decarbonising its power supply by 2045 is its aging grid infrastructure, 40% of which is over 40 years old, according to a new report by European electricity industry body Eurelectric.

Colorado will add 4GW of utility solar by 2030 while there was 1.96GW of solar projects under development as of mid-2023, according to a recent study from the American Clean Power Association (ACP).

TotalEnergies and European Energy will co-develop at least 4GW of onshore renewable projects in different locations.

California’s transmission and distribution grid networks will need to expand fourfold and tenfold, respectively, to meet net zero targets.

The Jamaican government has announced a tender to procure renewables of up to 100MW.

Enel North America has signed a power purchase agreement with Boston Properties, which will acquire power from its Estonian solar project.

US solar developer Recurrent Energy has closed financing for its upcoming 134MW Liberty solar project in the US state of Texas.

The Bank of Montreal (BMO) has donated US$3 million to California-headquartered non-profit GRID Alternatives to support the provision of low-to-no cost solar PV, storage and clean mobility programmes to “underserved families” in the Western US.

The Canadian government has announced a plan to invest CA$175 million (US$130.23 million) in 12 Alberta-based clean energy projects.

CTP has secured a €200 million loan from the European Investment Bank to support its deployment of solar modules.