finance

Last week, Better Energy postponed the deployment of a 3GW solar PV portfolio in Denmark, blaming “lagging” demand for renewable power.

The global weighted average LCOE of utility-scale PV plants fell to US$0.044/kWh in 2023, a 12% year-on-year decline from 2022.

Australian investment bank Macquarie Asset Management (MAM) is set to invest up to US$1.73 billion to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI).

The Nasdaq Stock Market has moved to delist Maxeon from its global select market following the fall of its share price below US$0.10.

Australia has confirmed that the first round of the Quad Clean Energy Supply Chains Diversification Program will open in November 2024.

BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) for 700MW of new solar capacity in Europe.

One of the “market signals” the company cited is an increase in negative electricity prices across Europe, as supply exceeds demand.

Arevon started construction at the 251MW project, located in Gibson County, last month. It will sell the project to NIPSCO once completed.

LONGi has released its performance report for H1 2024, which includes the shipment of close to 80GW of cells, wafers and modules.

EDF Renewables, the Korea Western Power Company (KOWEPO) and Masdar have reached financial close for the 1.5GW Al Ajban solar project.