The first US$10 billion close of this second fund includes a seed portfolio of an unnamed UK onshore renewables developer and a solar development partnership in India.
Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.
According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.
US cadmium telluride (CdTe) thin film solar module manufacturer First Solar has acquired a new facility in Ohio to support its distribution operations.
Dutch-German solar testing firm Sinovoltaics will expand its operations in the US market as a result of the solar and battery energy storage manufacturing “boom” stimulated by the Inflation Reduction Act (IRA).
The European Solar Manufacturing Council (ESMC) has written an open letter to the EU calling for “robust regulation” of forced labour in the solar supply chain.
New York State has announced plans to speed up the permitting process for distributed renewable energy and transmission projects, alongside an initiative to boost access to community solar.
