Markets & Finance

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

The China Energy Engineering Corporation has reportedly proposed to build a 1GW floating solar installation in Zimbabwe, at the Kariba Dam on the Zambizi river.

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Clean energy researcher Bridge To India has released its “Solar Map 2022” report, displaying the state of the Indian solar market as of December last year. The infographic report shows that state-by-state solar deployments continued to be inconsistent and that domestic module and cell supply accounted for far less capacity than imports, though overall installments still remain impressive.

South Africa to include floating and ground-mounted PV at waterworks infrastructure

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.

French independent power producer Girasole Energies has raised €96 million (US$103 million) to support and accelerate its growth in France.

It lost US$4.11 million in terms of adjusted EBITDA, improving from losing US$26.2 million in 2021.

On March 22, the Silicon Industry branch updated the latest silicon price information, which maintained a descending trend.

In general, solar panels mounted over vegetation demonstrate surface temperature drops compared to arrays mounted over bare ground due to evapotranspiration from vegetation.