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The agreement spans a duration of 25 years and is valued at SAR22.5 billion (US$6 billion). Image: ACWA Power

ACWA Power signs 12GW solar PV PPAs in Saudi Arabia

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
The funding was structured through CIP’s Green Credit Fund I (CI GCF I). Image: Elements Green.

Elements Green secures US$93.5 million for 13GW pipeline

July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
As per the agreement, MN8 can issue additional notes in 2026 and 2027 as more projects become operational. Image: Unsplash

MN8 Energy raises US$575 million to refinance 517MW of PV projects

July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
19_Install_Installers_placing_panels_on_roof_close_up

Model outlines survival plan for US residential PV as IRA cuts bite

July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
bechtel

Sabanci Renewables to build 156MW solar project in Texas

July 11, 2025
Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, is building a 156MWdc solar project in McLennan County, Texas.
Iraq is aiming to reach 10GW of installed solar by 2030. Image: IRENA.

Renewables growing twice as fast as total global electricity generation – IRENA

July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
A Juniper Green Energy project.

Juniper Green Energy commissions 217MWp solar project in Maharashtra

July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
Image: AEMO.

Australian solar PV power plants see curtailment above 25% in 2024

July 11, 2025
The Australian Energy Market Operator (AEMO) has revealed that several utility-scale solar PV power plants experienced curtailment of above 25% in the National Electricity Market (NEM) in 2024.
Under the agreement, the funding package remains valid until mid-2029. Image: BayWa r.e.

BayWa r.e. secures US$3.5 billion in funds to build its renewables portfolio

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
The project, powering 50,000 homes, created over 275 jobs locally. Image: Invenergy Renewables.

Invenergy commissions 250MW solar project in Indiana

July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 

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