Markets & Finance

The US Department of Energy (DOE) has announced US$453.5 million from the Puerto Rico Energy Resilience Fund to install up to 40,000 rooftop solar PV and battery storage systems for low-income single-family households.

Hexa Renewables has signed a memorandum of understanding with UEM Group Berhad and Itramas to develop up to 1GW of solar projects in Malaysia.

The ANSI has allowed the SEIA to develop 11 new standards governing solar generation and battery storage in the US.

Microinverter supplier Enphase Energy has offered a lower-than-expected guidance revenue for Q3 2023, on the back of a stagnating second quarter.

China's installed capacity of solar power has reached over 470GW in the first half of 2023, according to statistics from the country's national energy administration.

Greek renewables developer Mytilineos has sold a 211MW portfolio of four solar parks to its compatriot fossil fuels company HELLENiQ.

The US's Council on Environmental Quality has proposed a rule that would streamline the permitting process for new renewable projects.

UAE state-owned renewable energy developer Masdar has signed a memorandum of understanding (MoU) with Citaglobal Berhad to develop 2GW of solar, storage and wind projects in Malaysia.

Cero Generation has purchased Univergy Solar’s 50% stake in Nara Solar, taking full ownership of the Spanish solar developer.

Increased solar PV and wind generation contributed to lower wholesale electricity prices in Australia in Q2 2023, according to the Australian Energy Market Operator (AEMO).