Americas

Spanish solar developer Solarpack has closed a US$176 million senior financing package for a 300MW solar PV plant in Peru.

The CPUC has approved requests made by utilities in the state to allow solar and storage facilities to use Limited Generation Profiles.

Primergy has signed a “long-term” power purchase agreement (PPA) with California community solar initiative San Diego Community Power (SDCP).

The US Department of Energy (DOE) will commit US$475 million in funding for five clean energy projects at mine sites across the US.

With solar a global industry, perhaps a global approach is the best way to ensure a more consistent supply of funding.

UAE state-owned renewable energy developer Masdar has acquired a 50% stake in US IPP Terra-Gen from Energy Capital Partners.

Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.

Global investor KKR has acquired a majority stake in US-based solar and energy storage developer Avantus.

The Solar Energy Manufacturers for America (SEMA) Coalition has called for a “strengthening [of] the domestic supply chain”.

Chinese companies supplied half of US PV modules in 2023, but Indian imports are growing as restrictions on Chinese products tighten.