South Korean conglomerate Hanwha Group has said it will invest US$3.3 billion in solar and wind technology and intends to create a solar R&D hub in Korea as part of a massive investment strategy focused on several industrial areas.
Independent power producer (IPP) Fu-Gen has secured €320 million (US$342 million) in financing for renewables, battery storage and green hydrogen projects across Europe.
A consortium led by private equity giant BlackRock Real Assets has acquired a 10.53% stake in Tata Power Renewables through a INR4,000 crore (US$525 million) investment.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
Battery storage manufacturer NGK Insulators has invested in EneCoat Technologies, a spin-out of Kyoto University involved in the development of of perovskite solar cells.
Large-scale solar deployment in Australia jumped 38% year-on-year in 2021 as its three largest PV plants were commissioned, but financial commitments for new renewables projects in the country fell, according to a new report.
Major polysilicon and merchant cell producer Tongwei Group is to invest in an additional 32GW of solar cell capacity through a RMB12 billion (US$1.9 billion) investment in partnership with the government of Meishan City, in Sichuan Province, China.
In September 2021 Lightsource bp set itself the target of reaching financial close on 25GW of solar by the end of 2025. Liam Stoker spoke to the developer’s leadership team to discover how it is expanding into new markets, securing financing deals and assembling a workforce capable of reaching that target.
