Spanish renewables developer Greenalia has closed US$200 million in three-year credit facilities to support the development of solar PV, energy storage and wind projects in the US.
Microgrids in the US still face several challenges - speed and standardisation chief among them - in order to help alleviate and decentralise the grid.
Solar power purchase agreement prices in Q2 2023 in North America have dropped for the first time since Q1 2020 thanks to the increase in incorporating benefits of the Inflation Reduction Act and a stabilised solar supply chain.