Mining giant Fortescue is to partner with Australian energy major AGL Energy to examine the potential of repurposing legacy coal assets for renewables-powered green hydrogen facilities.
China’s National Energy Administration has kickstarted the second batch of large-scale wind and solar PV projects under the country’s multi-hundred-gigawatt desert renewables scheme.
Hit by soaring electricity prices and widespread power outages during a severe cold weather event earlier this year, Texas homeowners have been ramping up rooftop solar and battery storage installs to protect against future blackouts and increase their energy independence.
Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.
Tech major Amazon has added a further 2GW to its committed utility-scale solar PV capacity, adding projects in the US and Europe to its renewables portfolio.
‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.
UK developer Elgin Energy is targeting 5GW of solar-plus-storage across its core markets by 2025 after completing a £25 million (US$33.3 million) fundraising round
The European Commission (EC) has approved a €2.27 billion (US$2.56 billion) Greek scheme to support 4.2GW of installed renewables capacity after assessing it in the context of EU state aid rules
Faced with the threat of curtailment as more renewables enter the grid, utility-scale solar developers are heightening their focus on hybrid PV-storage projects to take advantage of demand for flexibility services and falling battery costs.
