Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.
Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.
The Australian government’s green bank Clean Energy Finance Corporation (CEFC) has increased its renewable energy investment to a record of AU$1.2 billion (US$770 million) in the 2022-23 year.
Chinese solar PV company Trina Solar has supplied 140MW of its Vertex dual-glass bifacial modules to French renewable power company Voltalia for a solar PV project in Albania.
A recent report covered by PV Tech suggested that solar power purchase agreement (PPA) prices in North America have dropped for the first time since the first quarter of 2020, but this could hardly be a long term trend as multiple challenges will prevent the prices from falling.
Florida-headquartered NextEra Energy has signed a renewable product purchase agreement (RPPA) with chemical manufacturing company Ingevity Corporation, offering 85MW of capacity at a new solar site in Texas.
