‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.
Commercial and industrial (C&I) solar developer Altus Power will offer distributed renewables and energy storage solutions through a new partnership with energy major Shell.
Faced with the threat of curtailment as more renewables enter the grid, utility-scale solar developers are heightening their focus on hybrid PV-storage projects to take advantage of demand for flexibility services and falling battery costs.
Italian utility Enel will invest around €70 billion (US$78 billion) by 2030 to scale up its renewables and energy storage portfolio as it brings forward plans to reach net zero to 2040.
Greta Thunberg’s verdict remains unchanged, but is the climate activist too pessimistic on the Glasgow Climate Pact, or is she right to dismiss the agreement?
The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate where negotiations will continue over the legislation that includes clean energy and climate investments totalling US$555 billion.
Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.
Energy tech company AES has reaffirmed its annual growth target of between 7-9% through to 2025 and expects to add 5GW of renewables, up from a previous target of 4GW, under long-term contracts this year after performing better than expected so far, according to its Q3 results released yesterday
