Projects

German investment firm Aquila Capital has raised €1 billion in financing to support the development and construction of a 2.6GW renewables pipeline in Spain and Portugal over the next three years.

The European Bank for Reconstruction and Development (EBRD) is providing up to US$100 million in financing to support the development of 150MW of solar in Turkey.

Five of Asia’s biggest economies will exponentially grow their solar capacity in the coming years, according to new analysis from think tank Ember.

Indian conglomerate Reliance Industries has acquired a 79.4% stake in US PV software developer SenseHawk via a US$32 million investment.

Portugal has already surpassed last year's solar PV deployment figures, with 578MW added up until 31 July 2022, according to data from the Portuguese Directorate General for Energy and Geology (DGEG).

Spanish utility giant Iberdrola has committed to invest between €2-3 billion (US$1.99-2.99 billion) in renewables in Australia.

Greater standardisation of renewable energy projects will be critical to reaching net zero by 2050, according to a joint report by Princeton University and engineering company Worley.

Indian state-owned utility SJVN is planning to develop 5GW of solar, including ground-mount and floating PV systems, in the state of Punjab.

Nearly 1TW of under-development solar and wind generation globally could be constructed in the next three years if permitting is accelerated through open call procedures and a series of fast-track measures.

EPC contractor Shanghai Electric has completed phase B of the fifth phase of the 900MW Mohammed bin Rashid (MBR) Solar Park in Dubai.