finance

The investments will protect the grid from the increasing threat of extreme weather and expand grid capacity as demand grows, the DOE said.

Two Kentucky electricity utilities will stall any solar PV capacity additions until 2035 unless solar "becomes more economically competitive".

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

US solar project developer Primergy Solar has closed US$350 million in tax equity financing for a 408MWac solar project in Hill County, Texas.

The capacity comes from the Arica solar PV and Victory Pass solar-plus-storage projects in Riverside County, California.

Rezolv Energy has secured €90 million in debt financing for its upcoming 225MW St. George solar park in Bulgaria.

Board chair Christine Detrick cited an "ongoing disconnect between the share price and our view of intrinsic value."

In its World Energy Outlook 2024 report, the IEA said that geopolitical tensions and fragmentation are “major risks” for international energy supply security

France installed 4GW of solar PV capacity in 2023, a “record” according to the International Energy Agency (IEA).

US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona.