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Reducing volatility impacts, managing cannibalisation and investing in grids will help solar energy cement its role in global energy systems.

Utility Puget Sound Energy has signed contracts for a solar PV project developed by Qcells and a standalone battery storage project from Brightnight and Cordelio Power in Washington, US.

Last week, Better Energy postponed the deployment of a 3GW solar PV portfolio in Denmark, blaming “lagging” demand for renewable power.

Australian investment bank Macquarie Asset Management (MAM) is set to invest up to US$1.73 billion to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI).

The 1GW PV portfolio and energised line acquisition in Chile will double the solar capacity of Grenergy's Oasis de Atacama project.

Sonnedix has acquired an 80MW solar PV plant in Sicily, Italy, from Blunova, which is part of a wider agreement to acquire a 250MW portfolio.

Coca-Cola Europacific Partners (CCEP) has signed a virtual power purchase agreement (VPPA) with French developer Engie to source green electricity from the newly-built 300MW Wellington North Solar Farm in New South Wales, Australia.

EDF Renewables, the Korea Western Power Company (KOWEPO) and Masdar have reached financial close for the 1.5GW Al Ajban solar project.

Monarch Private Capital and Invenergy have closed US$170 million in financing for the second phase of its Samson Solar Energy Center.

Development of the projects has already begun according to the companies, which have collaborated in the past.