Markets & Finance

Clean energy investment across Africa has to double the current US$90 billion target by 2030 and reach nearly US$25 billion per year, according to a report by the International Energy Agency (IEA) and the African Development Bank Group (AfDB).

The SEIA and Wood Mackenzie have released their latest report into US solar, and expect the industry to add 32GW of new capacity this year.

REC Silicon has signed a supply agreement with Hanwha Qcells Georgia to supply high-purity fluidised bed reactor granular polysilicon.

Global module capacities are on track to reach 866GW by the end of 2023, more than doubling the existing capacity at the end of 2022.

Solar real estate company SolaREIT and alternative investment manager AB CarVal have closed an investment of up to US$250 million to grow its renewable land, lease and loan financing solutions.

Encina has launched its first “investment vehicle”, to raise US$300 million to invest into new renewable power and storage projects in the US.

Module manufacturing major Risen Energy has posted strong revenue for the first half of the year, with RMB17.6 billion (US$2.4 billion).

Qualitas Energy has raised €280 million in funding to refinance debts at the Mula PV plant in the Spanish region of Murcia.

Arctech has signed a contract with the China Energy Engineering Corporation to provide 240MW of trackers to a project in Uzbekistan.

Frontier Energy has signed a letter of intent to acquire Waroona Energy to create a new renewable power firm with a solar portfolio of 355MW.