solar pv

Global demand for solar PV could rise up to 40% in 2023 as favourable economics in the solar sector combine with broad policies like the Inflation Reduction Act (IRA) and REPowerEU schemes.

Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.

The government of the Australian Capital Territory has announced an initiative to fund the adoption of rooftop solar PV within its borders.

French petroleum major TotalEnergies has signed an agreement with fellow fossil fuel company Petronas to develop a 100MW solar farm in Queensland, Australia.

Solar module manufacturer Maxeon Solar Technologies has completed the expansion and renovation of its PV manufacturing plant in Mexicali, Baja California, Mexico.

Finnish utility Fortum has begun development on an 80MW solar PV plant in Finland’s Virolahti municipality in the Southeast of the country bordering Russia. It will be Fortum’s first solar PV project in its home country.

Industrial group Soltech has signed an agreement with Norwegian PV developer Solgrid to construct a 300MW solar portfolio in Sweden.

Europe will surpass its 30GW solar PV manufacturing target by 2025 if the right industry and policy conditions are met, according to a report by the European Solar PV Industry Alliance (ESIA).

US community solar company Nautilus Solar Energy has bought a 270MW portfolio of projects from ESA, a US-based solar development platform.

Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.