Markets & Finance

Spanish developer Matrix Renewables has acquired a controlling interest in the 261 MWdc/200 MWac Pleasant Valley Solar Project from US renewables developer rPlus Energies.

AEMO Services has received bids for 3.1GW of power generation in the state of New South Wales, more than three times the target of 950MW.

AES has posted net losses of US$19 million in Q2 2023, alongside a US$59 million loss EBITDA compared to Q1 2023.

As solar PV continues its accelerated growth, 2023 is expected to be no exception with 270GW of capacity to be added, according to Wood Mackenzie.

The Alberta Utilities Commission (AUC) has announced a 6-month moratorium on renewable energy project developments above 1MW in size, primarily to review concerns around land use.

The continued decrease in polysilicon prices has halved Daqo New Energy's revenues during the second quarter of 2023.

The European Commission has approved a €2.36 billion (US$2.6 billion) Hungarian scheme to accelerate investment towards renewables manufacturing.

US renewable power developer Invenergy has secured US$1.5 billion revolving credit facility from financial company Natixis Corporate & Investment Banking.

US solar installer Sunrun's installed solar capacity in the second quarter of 2023 increased by 23% quarter-on-quarter, while it also significantly improved its net income to US$55.5 million in Q2.

The US Federal Energy Regulatory Commission has published the final draft of a new programme to reform interconnections in the US energy grid.