Projects

Danish energy company Ørsted is establishing an onshore renewables business in Spain as it looks to participate in the country’s auctions and develop solar, wind and energy storage projects.

US solar and storage developer Agilitas Energy has raised US$350 million of equity investment from fund manager CarVal Investors.

High power prices in Europe may be obscuring the impacts of price cannibalisation that threatens the future profitability of renewable energy on the continent, with a ‘belt of doom’ observed in Germany and Spain at risk of 30% cannibalisation rates by 2030.

With President Biden declaring a two-year freeze on new tariffs on solar imports from Southeast Asia, questions have been raised about the legality of the move as industry stakeholders assess the risk of it being challenged in court.

Solar developer ReneSola Power is looking to expand into further European markets after slowdowns in the US and China contributed to a revenue collapse in its opening quarter.

The US Department of Energy (DOE) has launched an initiative to ease the US’ massive interconnection queues, reduce wait times and lower grid connection costs as it strives to unlock the huge amount of bulk power currently sat dormant in the US.

The US solar market experienced its worst quarter for installations since the start of the pandemic in Q1 2022, weighed down by regulatory and supply chain issues.

EDF Renewables is aiming to collaborate with academic partners to explore the positive impacts utility-scale solar projects have on biodiversity, soil health and farmland management in the UK.

The decision of US President Joe Biden to waive tariffs on solar imports from Southeast Asia for two years and authorise the US Department of Energy (DOE) to use the Defense Production Act (DPA) to accelerate the production of clean energy technologies, including PV modules and module components, has been broadly welcomed by the US solar sector and industry analysts.