Markets & Finance

The Australian government’s green bank Clean Energy Finance Corporation (CEFC) has increased its renewable energy investment to a record of AU$1.2 billion (US$770 million) in the 2022-23 year.

China has announced a plan to establish a recycling system for retired solar PV panels by 2025.

The California Energy Commission has revealed that solar generation in California has increased more than twentyfold between 2012 and 2022.

US energy utility Duke Energy has outlined plans to add 6GW of solar PV and 2.7GW of energy storage assets in North Carolina by 2031.

Meyer Burger has published its financial results for H1 2023, reporting strong production figures, but losses of US$49.4 million

A recent report covered by PV Tech suggested that solar power purchase agreement (PPA) prices in North America have dropped for the first time since the first quarter of 2020, but this could hardly be a long term trend as multiple challenges will prevent the prices from falling. 

Origis Energy has established a US$750 million funding facility to develop 2GW of large-scale solar and energy storage facilities in the US.

Chinese solar tracker manufacturer Arctech has signed a supply contract with China Energy Engineering Corporation (CEEC) to provide 1GW solar trackers in Uzbekistan.

The Clean Energy Council (CEC) of Australia and the New South Wales anti-slavery commissioner James Cockayne have partnered to produce a new Code of Practise to manage the risks of modern slavery exposure in renewable energy supply chains.

A new joint venture (JV) between renewables developer Invenergy and Blackstone Infrastructure Partners has closed the purchase of a 1.3GW solar and wind asset portfolio from American Electric Power (AEP).