Markets & Finance

The US government has announced plans to enable states and non-profit entities to apply for US$27 billion in funding, financing projects that can help combat climate change.

The European Commission has announced two acts to help define renewable hydrogen in the EU.

Global renewable energy developer SOWITEC has sold three Mexican solar PV plants totalling 570MW. The projects represent more than half of its 1GW development portfolio in the country.

Grenergy has purchased the remaining stake of 60% in UK solar energy facility developer Sofos Harbert to strengthen its business in the US.

The US Department of Treasury has released guidance on two Inflation Reduction Act (IRA) programmes aimed at low-income and coal communities.

Australian renewables association Clean Energy Council has called on the Australian Government to respond to the US Inflation Reduction Act (IRA).

Indian PV manufacturer Emmvee has partnered with Fraunhofer ISO – a leading solar research centre – to build a 1.5GW solar cell manufacturing facility near Bangalore, southern India.

Israel-headquartered smart energy technology company SolarEdge's yearly net income in 2022 dropped by 45%, despite the total revenue increasing by 58% year-on-year. 

The renewable energy arm of power generation group Enel has signed a financing agreement with banking group UniCredit to finance the expansion of a solar panel factory in Catania, Sicily.

Spanish renewable energy provider Iberdrola has secured a €150 million (US$160 million) loan from the European Investment Bank (EIB) to develop 400MW of PV and wind projects in Italy.