Americas

Altus Power has acquired an 84MW portfolio of commercial-scale projects from global firm Vitol, in a deal valued at US$118 million.

Xcel Energy has announced plans to construct 3.6GW of new renewable power generation capacity and 600MW of new storage facilities.

US solar tracker manufacturer Nextracker has seen high deliveries in its US business with a 70% year-on-year increase in the third quarter of its fiscal year 2024, driving 38% quarterly revenue growth.

Community solar developer Reactivate has partnered with US retailer Walmart and US Bancorp Impact Finance, a subsidiary of financing entity US Bank, to develop solar projects in Illinois and New York, US.

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.

London-based renewable energy investor Cubico Sustainable Investments has acquired a portfolio of 12 solar and hybrid power projects in Mexico

Under the deal, SFK will purchase a portion of the RECs from the power developed at Clearway’s 452MW solar PV project in Texas, US.

In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.

Several US senators have urged the Biden Administration to increase tariffs on Chinese-made PV module, cell and wafer imports, claiming they are a threat to US solar manufacturing.

Sunrun has published the results of its Peak Power Rewards system that saw residential systems send power to the California grid for 90 days.