Americas

US renewables developer Longroad Energy has reached financial close and begun construction on the 202MWdc Umbriel Solar project in Polk County, Texas.

Microinverter supplier Enphase Energy plans to add a quarterly capacity of 4.5 million microinverters in 2023 and reach ten million by the end of the year.

Property insurance for a solar project, having been an easy “check the box” issue 10 years ago, is fast becoming a top credit item for securing financing from banks, according to the head of a data analytics and insurtech firm.

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market.

Energy technology company AES Corporation has commenced operations of a 100MW solar PV plant in Eloy, Arizona, its third in the area.

In the six months since the Inflation Reduction Act (IRA) passed into law, the US has seen over 100,000 new clean energy jobs created across 31 states as companies begin to capitalise on the incentives and security that the bill offers.

Solar power will dominate new electric-generating capacity additions in the US this year, according to the Energy Information Administration's (EIA) Preliminary Monthly Electric Generator Inventory.

Oil company Eni's renewables subsidiary Plenitude has inaugurated a 263MW solar PV plant in Texas.

Having shipped more than 44GW of PV modules last year, Chinese manufacturer JinkoSolar is expecting that figure to increase by 50% in 2023.

Renewables asset owner Brookfield Renewable has reported 2022 net income of US$138 million, improving from a loss in the same period a year earlier of US$66 million. Whilst in Q4 2022, it recorded net income of US$60 million, increasing from US$33 million in Q4 2021.