Markets & Finance

Internet connection and data centre provider Equinix has signed five power purchase agreements (PPAs) in Spain with a capacity of 225MW.

Lightsource bp and First Solar have agreed a 4GW module supply deal for US projects to be delivered between 2026-28.

Arizonan utility Salt River Project (SRP) has issued an all-source request for proposal (RFP) seeking at least 500MW of renewables by May 2027.

Solar PV generation in the US during 2022 has increased by 24.14% year-on-year according to the country’s Energy Information Administration (EIA) latest report.

During 2022, capex for solar PV manufacturing fabs reached a record high - at more than US$27 billion - with spending dominated by Chinese companies building out new fabs in China and across Southeast Asia.

Solar module underperformance has nearly doubled since 2019, accounting for around US$2.5 billion in projected losses for the global solar industry.

Trade body SolarPower Europe has called on the European Commission to include a ‘best-in-class’ solar labelling to leverage PV demand for European manufacturing in the Green Deal Industrial Plan.

Energy company AES Corporation expects to complete 3.4GW of new renewable energy projects globally in 2023.

US independent power producer (IPP) Silicon Ranch has expanded its master supply deal with domestic PV module manufacturer First Solar, bringing the total agreed supply between the companies to 6.2GW.

The German Solar Industry Association (BSW) has signed an agreement with the Indian Skill Council for Green Jobs (SCGJ) to integrate skilled workers from India into the German PV industry.