finance

“We want to scale up our localisation drive in solar materials," said managing director of the Rural Electrification Agency.

Ongoing investment barriers are preventing Africa from realising the full potential of its solar resources despite strong growth in 2024, according to a Global Solar Council report.

The company said it would supply "one of the largest tech companies in the US" with roughly 2.9GWh of solar power from 2026 through 2040.

The European Commission has launched a consultation seeking feedback on the State aid Framework accompanying the Clean Industrial Deal.

Arevon Energy has secured US$509 million in financing for its Kelso 1 and 2 PV projects in Missouri, which have a combined capacity of 430MW.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

The US Environmental Protection Agency (EPA) has reportedly unfrozen funds under its US$7 billion Solar For All Programme.

Adapture Renewables has secured US$321 million in finance from MUFG to support the development of a 441MW solar portfolio in the US.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Europe’s solar buyers are showing increased optimism for the sector, in spite of fluctuations in module prices across technologies.