Markets & Finance

Demand for solar and wind power purchase agreements (PPAs) in Europe remains strong despite sustained price hikes, research from LevelTen Energy suggests.

US utility Dominion Energy Virginia has proposed 23 new solar and energy storage projects totalling more than 800MW for the state of Virginia.

Investment bank Macquarie Asset Management has provided €100 million (US$98.5 million) of debt financing to Green Bidco, the parent company of solar developer Falck Renewables.

Independent power producer (IPP) Alternus Energy Group has launched a new business focused on developing renewables assets in Europe and the US.

Investment group Foresight has entered into a joint venture with oil major Shell’s subsidiary, Shell Energy Operations, to acquire development rights for a 370MW of renewables project in Western Australia.

Corporate funding in the global solar sector was dampened by inflation and high interest rates during the first nine months of the year, according to research from Mercom Capital Group.

Subsidiaries of polysilicon producer Daqo New Energy have signed a five-year polysilicon supply agreement with solar wafer manufacturer Shuangliang Silicon Materials.

South African public utility Eskom has signed lease agreements with four independent power producers for the production of renewable energy.

Demand for European-made PV production equipment jumped by 62% in Q2 2022, with European orders surpassing those from Asian countries for the first time, according to research by VDMA.

Estonian independent power producer Sunly has raised €200 million to build and expand its renewables portfolio in the Baltics and Poland.