Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.
Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
A round-up of policy developments and project news from the US, where Massachusetts’ SMART programme has doubled its capacity and plans to launch a regional imbalance market in the Southeast have come under scrutiny.
The projects, which will be operated by First Solar's operations and maintenance arm once commissioned next year, are contracted to provide power to Facebook's data centres via a PPA with PacifiCorp.
The firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.
US-based wind and solar developer Apex Clean Energy has purchased 442.5 MW of solar projects across Virginia from renewable energy developer SolUnesco.
