Markets & Finance

Vena Energy Australia has closed funding for stage one of the 125MW Wandoan South PV project, which is co-located with energy storage.

The Asian Development Bank (ADB) has approved a US$18.26 million financing package for the construction of Bhutan’s first utility-scale solar PV plant.

Solar glass manufacturer Borosil Renewables has acquired a 86% stake in European peer Interfloat Group expanding its customer base in Europe.

Solar PV equipment provider Mondragon Assembly has received an order from BVG India to develop a multi-gigawatt automated PV manufacturing line.

Japanese renewable energy company Shizen Energy has received a ¥20 billion (US$133 million) investment from investment group CDPQ.

Lightsource bp and the wholesale power provide Alabama Municipal Electric Authority (AMEA) have unveiled their 130MW Black Bear Solar project that will provide electricity to AMEA’s 11 member public power utilities.

Controlling interest in US developer Mission Clean Energy has been acquired for an undisclosed sum.

Green hydrogen electrolysis is emerging as a potential solution to curtailment, taking excess solar and converting it into hydrogen for either long-duration storage or use by other industries, writes Alissa Tripp, senior research and commercial analyst at Octopus Hydrogen.

With many similarities to the Greek solar market, Romania is on track to accelerate its solar deployment in the coming years.

Winning bidders from Portugal’s solar auctions will have their tariffs increased in line with inflation as the government aims to ensure the projects remain economically viable.