Markets & Finance

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.

SolarPower Europe and 19 renewable associations have published an open letter to the EU, calling for a more effective European power grid.

Greek renewables firm PPC and international energy company RWE have taken final investment decision to develop, through their joint venture Meton Energy, 280MW of solar capacity in Greece.

Israeli solar inverter manufacturer SolarEdge posted strong financial results for the second quarter of 2023 with record revenues from the solar segment of US$947.4 million.

Brookfield Asset Management and Indian conglomerate Reliance Industries have signed a memorandum of understanding (MoU) to pursue renewable energy manufacturing opportunities in Australia.