Markets & Finance

Romanian oil company OMV Petrom and state-owned utility Complexul Energetic Oltenia (CE Oltenia) will build 450MW of solar PV in Romania.

Australia’s Renewable Energy Agency (ARENA) has launched a AUS$43 million (US$27.7 million) Industrial Energy Transformation Studies Program aimed at identifying opportunities to reduce energy costs and emissions in the country’s industrial sector.

RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.

PV module producer Solaria Corporation will merge with solar services provider Complete Solar, the US companies announced today.

Residential solar systems in the US continue to grow in size at the same time as battery attachment rates increase, according to LBNL.

European Union countries will introduce a revenue cap on operational solar PV plants as part of a package of emergency measures approved today.

As trade bodies call for Ukraine to reach 50% renewables in its power mix by 2030, it will need to install 17GW of solar PV.

US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.

Utility-scale renewables developer Intersect Power has secured US$3.1 billion in project financing to complete its 2.2GW near-term clean energy portfolio in the US.

Canadian natural gas pipeline giant Enbridge has bought US renewables developer Tri Global Energy (TGE) for US$270 million in cash and assumed debt.