investment

In 2024, 20 million people improved their access to energy through the acquisition of solar energy kits (SEKs), according to GOGLA.

Expanding the grid infrastructure of ASEAN countries could unlock 24GW of new solar capacity, according to Ember Climate.

“There is an adjustment in the industry [where] there are cycles,” explains Laura Fortes, senior manager for access to finance at GOGLA.

The world invested US$300 million into the off-grid solar sector in 2024, a 30% year-on-year decline in total funding, according to GOGLA.

US energy investment firm Excelsior Energy Capital has raised US$1 billion under its latest equity investment vehicle, Excelsior Renewable Energy Investment Fund II.

US independent power producer (IPP) Silicon Ranch has secured a US$500 million investment from Danish fund manager AIP Management.

Uncertainty over tax credits could cause 84% of investors and 73% of developers to decrease their activity in renewable energy, according to ACORE.

Many of the mechanisms used to manage the finances of the solar sector have not kept pace with the rate of capacity additions.

The European Commission has launched a consultation seeking feedback on the State aid Framework accompanying the Clean Industrial Deal.

Arevon Energy has secured US$509 million in financing for its Kelso 1 and 2 PV projects in Missouri, which have a combined capacity of 430MW.