Markets & Finance

The New Zealand government and BlackRock have launched a NZ$2 billion (US$1.2 billion) fund to support renewable generation in the country.

The US solar industry added 2.7GW of capacity during the second quarter of the year, more than half of all clean power installations, according to American Clean Power Association (ACP).

Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).

Nucor has signed a power purchase agreement with NextEra Energy to acquire 250MW from the latter’s upcoming Sebree Solar project in Kentucky.

EDP plans to invest €2.5 billion over the next three years to install an additional 4GW of distributed solar capacity around the world.

AXA Investment Managers' investment arm AXA IM Alts has bought 25% stake in in Iberian renewables platform Finerge from Igneo Infrastructure Partners.

The Saudi Fund for Development (SFD) has signed a loan agreement with the government of Belize to build a 60MW solar power plant in Central American country.

Renewables asset owner Brookfield Renewable is planning to commission at least 18GW of clean energy projects in the next three years.

With multiple European countries submitting their revised National Energy and Climate Plans (NECPs) in recent months, the European Union (EU) is targeting an extra 90GW of solar capacity by 2030.

Atlas Renewable Energy and Isagen have partnered to develop, build and operate 1GW of solar projects in Colombia.