Markets & Finance

Masdar and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.

The government of New South Wales, Australia, has released a new planning framework for large-scale renewable energy developments aiming to streamline planning decisions.

Iberdrola Australia, a sub-division of utility giant Iberdrola, has secured power purchase agreements (PPAs) with 13 regional councils in New South Wales that will see part of the energy sourced from a large-scale solar PV power plant.

FTC Solar has posted its financial results for the third quarter of the year, which include revenues of US$10.1 million.

News round-up of recent tenders globally; Nepal awarded 1GW of solar, Italy 320MW and Bahrain seeks 44MW of PV capacity.

Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.

Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.

Europe is forecast to add 110GW of solar PV capacity in 2025, according to Liam Coman, solar market analyst at S&P Global Commodity Insights.

The Indian government has imposed preliminary antidumping measures on solar glass producers exporting products from China and Vietnam.

Despite record renewables installations in 2023, notably PV, the global energy transition remains “off track” and geographically imbalanced.