Markets & Finance

Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.

State-owned UAE renewable energy company Masdar has signed an agreement with Ethiopia to build 500MW of new solar capacity in the country.

ReNew Energy Global has published results for the first quarter of its 2024 financial year, which include profits of US$36 million.

US distributed solar supplier has acquired a portfolio of over 2,400 residential solar systems and contracts in the US.

GCL System Integration has agreed to supply 1.1GW of n-type solar modules to Indian renewables firm SAEL Industries.

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.

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.