Markets & Finance

Ongoing investment barriers are preventing Africa from realising the full potential of its solar resources despite strong growth in 2024, according to a Global Solar Council report.

German IPP Enerparc has secured a €266 million financing package for the construction and operation of a 400MW solar PV portfolio in Germany.

The European Commission has launched a consultation seeking feedback on the State aid Framework accompanying the Clean Industrial Deal.

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

The ninth auction for rooftop solar PV awarded 54 projects with an average price of €98.2/MWh, a slight decrease from the previous tender.

The Australian government has released its first National Renewable Energy Priority List, which includes an additional 16GW of renewables.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

Despite last year seeing a record 73GW of renewable energy utility-scale tenders, it has also witnessed a rise in undersubscribed tenders

The US Environmental Protection Agency (EPA) has reportedly unfrozen funds under its US$7 billion Solar For All Programme.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.