Markets & Finance

Tongwei has announced that its subsidiaries have signed a RMB50.9 billion (US$7.58 billion) silicon material sales contract for 216,100 tons with Qinghai Gaojing Solar Energy Technology Co., Ltd.

State-owned utility GUVNL has opened a tender for renewables paired with energy storage to bring off-grid electricity in Gujarat, India.

Spanish developer Matrix Renewables has signed its first US tax equity financing for two solar and energy storage projects in California.

A newly formed consortium of four US solar companies has committed to spending US$6 billion on purchasing 6-7GW of crystalline silicon solar modules every year to encourage the rapid scaling of domestic solar manufacturing in the US.

The US’ Uyghur Forced Labor Prevention Act (UFLPA) has come into force today and assumes that any items “wholly or in part” made in China’s Xinjiang region are a product of the region’s alleged labour camps for ethnic minorities, meaning they are prohibited from entering the US.

Management firm Mirova has acquired solar finance business SunFunder in a push to expand its investment platform in emerging markets.

Mexico has secured commitments from 17 US companies that will result in the development of 1,854MW of solar and wind, according to the office of President Andrés Manuel López Obrador.

Uruguay has launched its green hydrogen roadmap that will see the country aim to install 20GW of renewables as well as 10GW of electrolysers by 2040.

A Spanish court has ruled that Iberdrola must return part of the land on which its 500MWp Núñez de Balboa solar project has been constructed.

Solar PV will lead new capacity additions in Africa, reaching a total installed capacity of 125GW by 2030, according to a report from the International Energy Agency (IEA).