Iberdrola's US subsidiary, Avangrid, has begun construction on its 240MW True North solar PV plant in Falls County, Texas. The project has a power purchase agreement in place with social media and data giant Meta.
US renewable energy developer Greenvolt Power Actualize has signed three power purchase agreements (PPAs) with a total capacity of 97MWdc with a major US utility.
Solar engineering, procurement and construction (EPC) firm SunAsia Energy will build 1.3GW of floating solar PV (FPV) projects on the Laguna Lake, the largest lake in the Philippines.
Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.
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.
