investment

Gautam Solar plans to double its annual module production capacity to 2GW by the end of next year through an investment of US$17 million.

North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.

Europe’s main barrier to decarbonising its power supply by 2045 is its aging grid infrastructure, 40% of which is over 40 years old, according to a new report by European electricity industry body Eurelectric.

Chinese solar manufacturer Tongwei has planned to invest RMB20 billion (US$2.7 billion) in its Leshan project, in the Chinese province of Sichuan, to expand ingot pulling, slicing and cell production capacity, so as to accelerate the establishment of “China’s Green Silicon Valley”.

The New Zealand government and BlackRock have launched a NZ$2 billion (US$1.2 billion) fund to support renewable generation in the country.

EDP plans to invest €2.5 billion over the next three years to install an additional 4GW of distributed solar capacity around the world.

Uncertainty surrounding ownership models of large-scale solar projects raises a question: are such facilities simply too big to succeed?

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

The European Investment Bank has announced plans to increase its funding for its REPowerEU project by €15 billion.