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American Electric Power is seeking proposals for off-take from new solar plants located in the PJM powerpool area, a regional transmission organisation for US 13 states and the District of Columbia.

Pexapark has launched a ‘freemium’ version of its ‘PexaQuote’ software, which systemises quotes, builds forward curves, and analyses PPA prices to create certainty for developers, utilities, and corporates looking to close PPA deals.

Azure Power has seen its pipeline of interstate transmission solar in India swell by another 2GW after a greenshoe option in an existing contract with Solar Energy Corporation of India (SECI) was exercised.

Microsoft has unveiled its single largest renewable energy portfolio investment through a new deal with US energy firm Sol Systems.

South Africa-based steel producer ArcelorMittal SA (AMSA) is inviting proposals from independent power producers (IPPs) to build two utility-scale solar projects as it seeks to reduce its energy costs.

A round-up of recent developments in the US solar market, including news of Vivint Solar sealing US$300 million of tax equity commitments and Bank of America signing a solar PPA in Texas.

Financial services giant Wells Fargo has turned to Shell Energy to procure around 150,000MWh of solar power under new power purchase agreements.

Renewables software firm Pexapark has raised €6 million (US$6.7 million) in Series B funding as seeks accelerate its growth through the coming years.

Recently name checked as among the cheapest places in the world to develop solar, Chile has emerged as a particularly popular destination for solar finance. But as the country proceeds towards a 100% renewables target, political instability and legacy network issues stand in its way. Molly Lempriere explores how Chile can leap those hurdles on its way to a green grid.

8minute Solar Energy has closed a US$225 million letter of credit facility with five major banks as it looks to power ahead with an 18GW pipeline of solar and storage projects in the US.