Sky-high electricity prices and an increasing urgency to curb fossil fuel led to a surge in European solar additions last year. Jules Scully charts how the continent’s ongoing energy crisis is affecting EU renewables policy and PPA appetite.
Higher interest rates in the second half of the year slowed down corporate funding in the global solar sector to US$24.1 billion in 2022, according to research from Mercom Capital Group.
Danish renewables developer Ørsted has unveiled plans to build a 471MW solar project in Lamar County, Texas, which the company says will be the largest installation in its portfolio to date.
Despite the headwinds impacting module supply and solar deployment, India’s solar market is expected to emerge from a slow 2023 with significant growth and feel the benefit of the country’s protectionist domestic manufacturing policies.
Concerns have been raised that the US solar industry’s reputation could be impacted by underperforming assets if investors do not see their return profiles being realised several years down the line.
Canadian renewables firm Westbridge Renewable Energy Company will expand the PV capacity of its Sunnynook solar-plus-storage facility in Alberta, Canada, to 330MWp with an increase in the project area.
Renewables developer ACEN Australia has awarded the engineering, procurement and construction (EPC) contract for its 400MWac Stubbo solar farm to PCL Construction, a US-headquartered company.
National Grid Renewables has broken ground on its 128MWac Wild Springs solar PV project in South Dakota, which it says will be the largest solar PV project in the state to date.
NovaSource co-founder discusses creating a data-led solution to draw asset owners away from in-house O&M, as well as how the firm will use its new capital from OMERS.
