renewables

With multiple European countries submitting their revised National Energy and Climate Plans (NECPs) in recent months, the European Union (EU) is targeting an extra 90GW of solar capacity by 2030.

To enable the clean energy transition, energy investors and producers want certainty, which can come through power purchase agreements.

Spanish developer Matrix Renewables has acquired a controlling interest in the 261 MWdc/200 MWac Pleasant Valley Solar Project from US renewables developer rPlus Energies.

AES has posted net losses of US$19 million in Q2 2023, alongside a US$59 million loss EBITDA compared to Q1 2023.

US solar installer Sunrun's installed solar capacity in the second quarter of 2023 increased by 23% quarter-on-quarter, while it also significantly improved its net income to US$55.5 million in Q2.

Polish renewables developer Pas Res will build two solar PV plants in northern Poland with a total capacity of 117MW.

Israeli solar inverter manufacturer SolarEdge posted strong financial results for the second quarter of 2023 with record revenues from the solar segment of US$947.4 million.

Many Australian state governments have implemented favourable economic policies to encourage more solar investment within their borders.

The US Department of Energy (DOE) has announced US$453.5 million from the Puerto Rico Energy Resilience Fund to install up to 40,000 rooftop solar PV and battery storage systems for low-income single-family households.

CleanMax has started operations at a hybrid solar and wind project in the Indian state of Gujarat, with a total capacity of 400MW.