RWE, the German renewable energy developer, will offer profit returns to municipalities where one of their wind or solar farms is located as part of an expansion of the German Renewable Energies Act (EEG).
US solar manufacturer First Solar will supply Intersect Power with an additional 4.9GWdc of its thin-film PV modules. The transaction means that Intersect Power has ordered 7.3GWdc of First Solar technology this year.
Thin-film manufacturer First Solar has confirmed that its fourth US factory will be opened in Lawrence County, Alabama. The factory has an expected manufacturing capacity of 3.5GWdc annually and will represent an investment of approximately US$1.1 billion.
US renewable energy developer Longroad Energy has commenced construction on the 152MWdc Three Corners solar project in Maine. Upon completion, it is expected to be the largest solar PV project in the state.
Strata Clean Energy, a US solar and storage developer, has acquired Arizona-based Crossover Energy Partners to expand its offerings and execution capabilities.
Investment firm Carlyle has launched a new solar-focused renewable energy platform, Telis Energy, aimed at developing projects in key European markets.
At the United Nations COP27 conference, the European Investment Bank (EIB) and AllianzGI have announced the mobilisation of US$100 million to Alcazar Energy Partners II, a fund which facilitates the development, construction and operation of renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia.
The New South Wales government has received bids for over 5.5GW worth of wind and solar generation projects and over 2.5GW of storage systems as its Electricity Infrastructure Roadmap attracts industry attention.
Seven key Asian countries collectively saved approximately US$34 billion in fossil fuel costs in the first half of 2022 through solar generation, according to research from Ember, the Centre for Research on Energy and Clean Air (CREA) and the Institute for Energy Economics and Financial Analysis (IEEFA).
