funding

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.

Newly launched solar inverter and solutions provider Solinteg has launched a range of new PV products in recent months as it expands its international presence and targets 2GW of production capacity next year, rising to 10GW in 2025.

Australian start-up SunDrive has secured A$21 million (US$13.2 million) in a Series A fund that will help commercialise its solar technology.

Renewables advisory firm Pexapark has secured €8 million (US$8.08 million) in a second round of Series B funding as it plots further expansion.

Energy management software company Cleartrace has secured US$20 million in a financing round to accelerate the growth of its platform.

Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.

Project financing facility CrossBoundary Energy Access (CBEA) has raised US$25 million to finance solar powered mini-grids in Africa.

US solar and storage developer Agilitas Energy has raised US$350 million of equity investment from fund manager CarVal Investors.

The UN secretary-general, António Guterres, has issued a stark warning concerning the “dismal litany of humanity’s failure to tackle climate disruption” in an speech in which he set out “five critical actions to jumpstart the renewable energy transition”.