Markets & Finance

Indian integrated power company Tata Power’s subsidiary Tata Power Renewable Energy has signed a power purchase agreement (PPA) for a 510MW hybrid project.

Renewable energy company Vena Energy has reached financial close on a 176MW solar and wind project in India.

Renewable energy investor Copenhagen Infrastructure Partners (CIP) has acquired the majority share in Mulilo Energy Holdings, a South African independent power producer (IPP),

US PV manufacturer Silfab has closed a US$125 million investment led by ARC Financial Corp to fund a 1GW solar cell manufacturing facility in the US.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.

Spanish developer Grenergy has signed a 15-year power purchase agreement with chemical company LyondellBasell for a 259MW solar PV plant in Spain.

Solar PV will lead the energy transition in Malaysia and could reach up to 153GW of installed capacity by 2050.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.

Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Australian Clean Energy Council.  

Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.