Power Plants

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.

Bulgarian-headquartered solar engineering company SUNOTEC has begun construction on a 1.1GW portfolio of projects across Germany.

Clēnera has started operations at its 105MW Apex Solar facility in the US state of Montana, one of the largest solar projects in the state.

Renewables developer European Energy will build a 115MW solar PV project in Latvia, which it says will be one of the largest projects in the country.

The Australian government’s green bank Clean Energy Finance Corporation (CEFC) has increased its renewable energy investment to a record of AU$1.2 billion (US$770 million) in the 2022-23 year.

Chinese solar PV company Trina Solar has supplied 140MW of its Vertex dual-glass bifacial modules to French renewable power company Voltalia for a solar PV project in Albania.

US energy utility Duke Energy has outlined plans to add 6GW of solar PV and 2.7GW of energy storage assets in North Carolina by 2031.

PVH has signed a deal with CEEC to supply 1.7GW of solar trackers to the 2.6GW Al Shuaibah solar project in Saudi Arabia.

US solar developer Leeward Renewable Energy has completed construction and started commercial operations at its 100MW Oak Trail solar project in North Carolina.