Projects

Japan’s 13th solar auctions have been heavily undersubscribed as developers struggle with land availability, support levels and familiarity with power market access, according to Shulman Advisory, a Tokyo-based renewables analyst agency.

The European Union (EU) generated a record 12% of its electricity from solar between May and August 2022, a report from think tank Ember has revealed.

Soltec, through its subsidiary Powertis, has entered in an agreement with multi-utility group ACEA to co-develop 340MW of solar PV in Italy.

Lithuanian government-owned utility and renewables developer Ignitis Group has acquired a Latvian renewables company which is developing a 200MW wind and solar project in the country.

State-owned Solar Energy Corporation of India has launched a third tender seeking 2,250MW “round-the-clock” renewables energy in India.

The UFLPA could limit solar deployment through 2023 due to module availability constraints, delaying the benefits of the IRA to 2024 and beyond.

Module manufacturer Boviet Solar and US solar developer Origis Energy have increased their module supply agreement to more than 1.1GW.

Independent power producer (IPP) Cypress Creek Renewables has closed a US$216 million financing round for its Zier Solar and Storage project in Texas.

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.