In the six months since the Inflation Reduction Act (IRA) passed into law, the US has seen over 100,000 new clean energy jobs created across 31 states as companies begin to capitalise on the incentives and security that the bill offers.
German IPP SUNfarming Group has extended its relationship with investor HANSAINVEST Real Assets through a €50 million (US$53.8 million) mezzanine financing agreement to develop PV projects in Poland.
Agrivoltaics developer Pristine Sun Corporation has secured US$250 million in financing to develop and expand its projects in California, Texas and Louisiana, as well as further afield across the continental US.
For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.
The sale process has commenced of Singapore-based renewables developer Sun Cable, via FTI Consulting which took on voluntary administrative duties after the company collapsed earlier this month.
US-based renewable energy developer Apex Clean Energy has signed an environmental asset purchase agreement with tech giant Meta for a 195MW solar project in Texas.
Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.
