New South Wales, Australia, has secured the highest allocation of energy generation in the upcoming Capacity Investment Scheme (CIS) tender, standing at 7.1GW.
The Australian Energy Regulator (AER) has said that a delay in new renewable energy and energy storage capacity coming online on the National Electricity Market (NEM) in 2023-24 means the grid will reach 6.4GW at full capacity next year.
UK-based global renewables developer Lightsource bp has secured investment for two utility-scale PV projects in Texas, one of which is backed by a newly signed off-take deal with the clothing brand H&M.
Spanish private equity firm BRUC has invested €2.26billion (US$1.34 billion) to build solar PV projects in the Spanish autonomous community of Andalusia.