funding

The Australian Renewable Energy Agency (ARENA) has committed AU$25.3 million (US$16.53 million) in funding to support PV cell technology startup SunDrive Solar's continued development of copper-based solar cell technology.

ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.

German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'

The US Department of Energy has downsized a loan to US residential solar installer Sunnova from an initial US$3 billion to US$371.6 million.

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

The US Department of Commerce (DoC) has awarded polysilicon producer Hemlock Semiconductor up to US$325 million in direct funding.

The US Department of Energy (DOE) has launched a US$30 million funding, from the Bipartisan Infrastructure Law, to accelerate the interconnection process for new energy generation.

US developer Leeward Renewable Energy (LRE) has secured US$1.25 billion in construction warehouse facility to support the construction of its portfolio in the US.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

US solar technology company Swift Solar has secured US$27 million to develop its perovskite tandem solar cell manufacturing.