Markets & Finance

The contracts are spread across 23 large-scale renewables projects, 19 of which are solar PV projects with a combined 1.5GW capacity.

The US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.

As solar panel prices continue their downward trend in November, module prices are expected to face a ‘slight uptick’ in December, according to the latest pv.index report.

Australia’s Global Power Generation (GPG) has secured an AU$2.3 billion (US$1.49 billion) financing facility to support the development of its 1.8GW renewable energy and storage portfolio.

Power from the project, which is under construction, will be sold to PGE under a 25-year contract and marketed through its Green Future Impact (GFI) scheme.

Robert Klein, who previously ran the company's Brazilian business, will assume the role from 1st January, 2025.

The Australian Energy Market Operator (AEMO) has said that the National Electricity Market (NEM) must introduce a new ‘emergency backstop’ mechanism to manage the impact rooftop solar PV can have on grid stability.

French independent power producer (IPP) TSE has secured €65 million (US$68 million) bond financing from asset management firm Eiffel Investment Group for a 800MW agrivoltaics portfolio.

MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.

In total, 540 projects were awarded capacity in a tender that ended up oversubscribed with more than 1.7GW capacity tendered and 643 bids.