finance

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Three Chinese solar manufacturers - LONGi, Tongwei, and Aiko Solar - have reported losses in the first half of the year due to increased competition.

Polish independent power producer (IPP) R.Power has signed a PLN 231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.

As a fast-growing segment of the industry, floating solar is also a novel technology that comes with a variety of new operational risks.

India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure. 

The Australian federal government has presented the ‘Future Made in Australia Bill 2024’ to bolster renewable energy technologies like solar.

A collective effort will be required to realise the potential of the solar PV industry, according to Sonia Dunlop of the Global Solar Council.

Demand for new solar projects and the falling cost of manufacturing could present an opportunity for European developers, such as Holosolis.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.