Policy

Activities under the new Regional Emergency Solar Power Intervention Project, a US$311 million regional project for which the World Bank supports, have started in Freetown, Sierra Leone.

The Ministry of Ecological Transition (MITECO) in Spain has authorised 132 solar PV projects across the country with a total capacity of 24.8GW.

Solar investors believe that Europe can be a competitive market for PV manufacturing and compete with the US Inflation Reduction Act (IRA), as ESG and energy security concerns will drive money to the continent.

The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed to scale up a domestic manufacturing capacity for net-zero technologies.

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.

Solar PV and solar-wind hybrid project bids in various Indian government schemes which were finalised by before 9 March 2021 but not yet complete have had their deadlines extended to March 2024.

Australia and Germany have collaborated to boost research into green hydrogen production with a A$110 million (US$77.8 million) investment in four projects.

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.

Lawmakers from both sides of the US House of Representatives have issued a resolution to repeal President Joe Biden’s waiver on solar import tariffs from Southeast Asia.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.