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Renewable energy is now a competitive alternative to fossil fuels, and more than 800 coal plants in smaller economies could be replaced by PV.

Recurrent Energy, the renewable energy developer arm of solar manufacturer Canadian Solar, has reached financial close on a 171MW solar-plus-storage project in Victoria, Australia.

This week, a number of solar developers have raised funds for a number of projects, including Sonnedix in Europe and Origis in the US.

UAE-based renewable power developer AMEA Power has commissioned a 500MW solar PV plant in the Aswan governorate, Egypt.

Consisting of three utility-scale solar projects in the central region of Lazio, the projects are expected to be operational by 2026.

The money raised will support the development of the company’s C&I portfolio of more than 200 projects across the US.

The EBRD has signed a memorandum of understanding with Romania to support the rollout of new renewable power auctions in the country.

EDP Renewables has commissioned a 103MW solar portfolio in Italy, pushing its European solar portfolio over 700MW of operating capacity.

Arevon said the project, in Kern County, brings its operational renewable energy capacity in California alone to over 3GW.

After a challenging year for polysilicon producers, Carrie Xiao assesses whether market conditions will improve and prices rebound.