investment

Duke Energy has agreed to sell its clean power arm to Brookfield Renewable in a deal valued at US$2.8 billion.

Spanish power company Iberdrola and the sovereign fund of Norway will invest in 1.3GW of renewable capacity in Spain.

Enefit Green has reached final investment decision on the 74MW Sopi solar PV project in Estonia, into which it will invest approximately €44 million (US$47 million).

Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.

Global renewables investor Actis has launched a new US$500 million renewables development platform in Japan, looking to deploy 1.1GW of onshore solar and wind by 2027.

Clean energy trade bodies ACP, ACORE and SEIA have denounced an attempt by Republicans to roll back the Act, which has spurred unprecedented investment in the US market.

UK-based energy group Octopus Energy has made its first steps in the Asian renewables market with an investment in Japanese solar developer Yotsuya Capital.

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.