Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Spanish utility Iberdrola has landed €800 million (US$903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead new renewable energy deployment throughout Spain.
Asset management firm Capital Dynamics has struck a strategic partnership with Nebraskan independent power producer Tenaska to bring forward 4.8GW of solar in the Midwest and Southeast US.
Fulfilling the European Union’s new green hydrogen strategy could need as much as 120GW of additional wind and solar to power electrolysers, the bloc’s need hydrogen strategy says.
BP has invested US$70 million in a green growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar firm Lightsource BP.
Visibility on the performance of almost all leading PV module suppliers to the end of the first quarter of 2020 (31 March 2020) is now known, providing a first glimpse of what impact the COVID-19 pandemic has had on the sector, as most countries started to impose varying degrees of lockdown impacting businesses and ongoing operations.
