funding

The government of the Australian Capital Territory has announced an initiative to fund the adoption of rooftop solar PV within its borders.

Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.

Accelergen Energy will use the funds to develop "a multi-gigawatt pipeline of high quality solar and storage projects".

India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.

Spanish utility Iberdrola has submitted proposal for 1.6GW PV module assembly plant to the European Commission’s (EC) Innovation Fund.

Solar module recycling company Solarcycle has secured US$30 million in Series A funding to increase its solar panel recycling capacity and expand materials re-manufacturing capabilities.

French financier Rgreen Invest and Echosys Advisory-backed investment advisor Echosys Invest have closed a new fund to finance solar power production across Africa.

Australia and Germany have collaborated to boost research into green hydrogen production with a A$110 million (US$77.8 million) investment in four projects.

Australia’s Renewable Energy Agency (ARENA) has awarded A$41.5 million (US$28.51 million) in funding to 13 research projects aimed at reducing solar costs.

The G7 initiative JETP has agreed to support Vietnam’s green energy transition and mobilise an initial US$15.5 billion of public and private finance over the next three to five years.