Markets & Finance

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.

SolarPower Europe has launched the International Solar Manufacturing Initiative (ISMI) to generate demand for European-made solar products.

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

The Greenough River solar PV plant has been deemed the best-performing utility-scale solar asset in Australia in February 2025.