Markets & Finance

South Korean developer SK D&D has signed a co-investment memorandum of understanding (MOU) with renewable energy investment fund manager Glennmont Partners to target opportunities in solar PV projects in South Korea.

The Australian Energy Market Operator has restored wholesale market in all regions of Australia after suspending it more than a week ago.

The Australian Centre for Advanced Photovoltaics (ACAP) has received funding from the country’s new government to continue its solar research activities until 2030.

A project in Australia that could feature up to 17–20GWp of solar and 36–42GWh of energy storage has been categorised as investment ready by a government agency.

The Michigan Public Service Commission (MPSC) has approved utility Consumers Energy's plan to end coal use by 2025.

Sungrow was the world’s biggest PV inverter company in 2021, shipping 47.1GW of products and expanding its production facilities in Asia, according to research firm IHS Markit.

Investors Harith General Partners and African power provider Anergi Group have partnered to establish the Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy deployment across Africa and close the continent’s investment gap.

Investment firm General Capital has invested US$500 million in developer Pine Gate, which will support its utility-scale solar expansion.

Solar PV has made nearly half of all new investments in renewable power in 2021, according to the International Energy Agency (IEA).

German laser engineering company 3D Micromac is to supply its laser cutting technology to Enel Green Power’s 3Sun gigafactory in Sicily, Italy as the company strives to expand its production capacity of high-efficiency modules to 3GW by 2024.