Solar inverter and solutions provider Solinteg is opening a new factory in the Chinese city of Wuxi that will add an initial 4GW of manufacturing capacity as the company aims to meet increasing demand for its products.
As Germany is pushing for its goal of producing 80% of electricity consumption covered by renewable energy in 2030, its Federal Ministry for Economic Affairs and Climate Action (BMWK) has announced its PV strategy to speed up PV installations.
Renewable power producer BrightNight has formed a partnership with energy platform ACEN Corporation to ramp up the development of its 1.2GW renewables portfolio in India.
US clean energy platform Palmetto has raised US$150 million from private equity firm TPG's climate investment arm TPG Rise Climate to increase clean energy adoption and access to residential solar across the US.
Independent producer of PV renewable energy Reden has inked a deal with financial institutions, including the European Investment Bank (EIB), Crédit Agricole Corporate and Investment Bank Milan branch and Natixis Corporate and Investment Banking, to fund a solar portfolio in Italy.
The EU has saved €12 billion gas costs thanks to the accelerated solar and wind growth since the Russia's invasion of Ukraine in 2022, according to an analysis from climate and energy think tank Ember.
