finance

The Asian Development Bank has approved a US$650 million loan to accelerate rooftop solar PV deployment in India.

Terra-Gen has closed financing for its 205MW Lockhart III & IV solar PV project in San Bernadino County, California.

Buyers should prepare for increases in the price of vital solar module components, such as polysilicon, wafers and cells, but “remain cautious” of accepting new contractual terms from Chinese suppliers until formal market policies are agreed.

Swiss electrification specialist ABB has acquired solar PV inverter and power conversion system (PCS) producer Gamesa Electric for an undisclosed sum.

The EBRD will invest in a 531MW solar PV portfolio in Romania from Israeli renewables company Nofar Energy.

Delegates at this year’s COP30 summit agreed to a “global mutirão”, meaning “collective efforts”, to tackle climate change, but the final text of the summit includes no framework for reducing fossil fuel production.

Renewable energy developer Genesis Energy has reached a final investment decision (FID) on a 136MW solar PV project in New Zealand.

Hydro Tasmania is seeking expressions of interest for wind and solar projects capable of delivering up to 1,500GWh of renewables annually.

PV Talk: RES Group's Ksenia Dray discusses how European solar developers are reshaping strategies to maintain project viability in challenging market conditions.

The US Department of Energy (DOE) will need to invest US$25 billion by 2030 to maintain its position as a leader in the global energy sector.