Markets & Finance

Major engineering and technology firms Worley, ABB and IBM have signed a memorandum of understanding (MoU) to collaborate on green hydrogen solutions, intending to create an "end-to-end" service for energy companies.

LG Electronics has confirmed it is to exit the solar module manufacturing business.

PV project developer and engineering, procurement and construction (EPC) company Inovateus Solar has received a “significant” investment from Galway Sustainable Capital to increase its operations.

Washington state utility Avista has launched a request for proposals (RFP) for 196MW of winter capacity and 190MW of summer capacity by 2030, with the request also considering storage and demand-side response resources as the utility works to meet the state’s clean energy targets.

Norwegian start-up Otovo has secured NOK 300 million (US$33.7 million) through a private placement to support the expansion of its solar marketplace into six new European countries.

and smart infrastructure in the Middle East, Africa and Asia, with investments earmarked for a portfolio of projects exceeding 1GW.

Tongwei has warned of ongoing tight supply of solar PV materials after recording a jump in 2021 revenue in excess of 50%.

New measures from Italy’s government to accelerate and simplify renewables deployment have been largely criticised by the country’s solar industry.

Renewables investor and developer Econergy has secured more than €200 million (US$227 million) through two joint ventures (JVs) to support the construction of part of its project pipeline in Eastern Europe.

Independent power producer Azure Power has turned to Ecoppia for robotic cleaning services for 400MW of solar PV.