finance

US utilities NextEra Energy and Dominion Energy have formally submitted applications to state and federal governments to merge their companies, creating the largest regulated power utility in the world.

Qualitas Energy has secured a €53 million (US$63 million) non-recourse financing package for a 117MWp greenfield solar PV portfolio in Poland.

Masdar has reached financial close on what it called the world’s .first gigascale 24/7 renewable energy project'.

Renewable energy accounted for 31.7% of global electricity generation in 2024, with solar power contributing 2,105.8TWh, according to IRENA.

German solar and wind developer SoWiTec has announced insolvency due to excessive debt.

Renewables are the lowest-cost source of new energy generation in the US, despite increasing costs, according to Lazard.

The so-called “One, Big, Beautiful Bill” Act (OBBBA) has cost the US US$68.2 billion in capital investments into clean energy projects, according to analysis from business advocacy group E2.

The maximum price for renewable energy projects awarded Contracts for Difference (CfD) under the UK government's Allocation Round 8 (AR8) auction has remained at £75/MWh (US$100/MWh).

Spanish IPP Opdenergy has secured US$227 million to support its operating renewable energy portfolio in Chile.

The Asian Development Bank (ADB) has approved a US$160 million loan to support the deployment of at least 310MW of new solar capacity in Bhutan.