Round-up of news from China with Saudi Arabian power developer ACWA Power partnering with two Chinese companies, state-owned China Energy Engineering wins bid to develop a floating solar (FPV) project in the Philippines and Guodian Power invests in 2GW Saudi PV project.
Global solar corporate financing has decreased 24% in 2024, compared to the previous year, with US$26.3 billion, according to market research firm Mercom Capital Group.
The Middle East has become a key market for Chinese PV companies, both as a source of demand for hardware and also as a hotspot for new manufacturing hubs. Carrie Xiao reports on some of the latest developments in the region.
The deployment of grid infrastructure and energy storage is a key element to avoid delaying global energy transition, according to the International Renewable Energy Agency (IRENA).