Markets & Finance

Energy giant Statkraft intends to develop 4GW of onshore renewables each year by 2030, an acceleration of its previous 2025 target of 2.5GW - 3GW.

Solar developer Procon Solar GmbH has sold a 400MW PV project pipeline to German energy company EnBW, with the potential for this to double over the next year as EnBW targets 50% of renewables in its generation mix by 2025.

Nearly 1.5GW of solar PV in the Philippines has been contracted through the country’s new renewables auction round.

Polish PV developer R.Power is targeting the development of 1GW of solar projects in Italy in the next 12 months.

Solar glass provider Xinyi Solar has issued a profit warning after the price of solar glass fell and the price of key components and energy inputs rose.

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.