Solar PV accounted for 55.8% of the total power generation capacity added to the Indian grid in 2023, including fossil fuel additions which rose considerably over the year in response to growing electricity demand.
Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.
FP Lux Group has purchased a 114MWp portfolio of solar PV projects in Italy from German renewables developer PNE in the first investment of its FP Lux Energy Transition Fund.
Spanish photovoltaics developer Solaria has received construction authorisation to commence building its 595MW Garoña solar project in the province of Burgos, northern Spain.
US distributed generation platform Aspen Power has secured US$241 million in three financing tranches to support construction of its future solar PV assets.
Dutch-German solar testing firm Sinovoltaics will expand its operations in the US market as a result of the solar and battery energy storage manufacturing “boom” stimulated by the Inflation Reduction Act (IRA).
