Markets & Finance

Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts. 

Spanish PV developer Enerside has entered into a joint venture (JV) with Alternative Green Energy Italy Holco 2 (AGE) to support 2.6GW of solar PV projects in Italy.

Solar module supplier Maxeon Solar Technologies’ has forecast to register positive adjusted EBITDA in the first quarter of 2023.

Solar energy company Sol Systems has announced a renewables procurement and investment strategy with Google to develop new PV projects in the US.

Renewable energy platform Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

Indian conglomerate Adani Group's renewables arm Adani Green Energy has started operating its fourth wind-solar hybrid power plant in Rajasthan.

German manufacturer AE Solar has planned to build a module manufacturing plant with a 10GW annual capacity in Romania.

US clean energy platform Palmetto has raised US$150 million from private equity firm TPG's climate investment arm TPG Rise Climate to increase clean energy adoption and access to residential solar across the US.

The Queensland Government in Australia will build a new transmission line called ‘CopperString 2.0’ that will unlock 6GW of renewables.

Independent producer of PV renewable energy Reden has inked a deal with financial institutions, including the European Investment Bank (EIB), Crédit Agricole Corporate and Investment Bank Milan branch and Natixis Corporate and Investment Banking, to fund a solar portfolio in Italy.