Markets & Finance

The projects will be realised by the end of this decade and will represent around US$1 billion in investment, according to Founder & CEO of Edelen Renewables, Adam Edelen.

Utility Hawaiian Electric has finalised a plan to completely use renewable resources by 2045, including mid-term goals of adding renewables generation and rooftop solar by 2030.

ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).

US residential and distributed solar provider SunPower has appointed Audrey Zibelman to its Board of Directors.

US renewables developer rPlus energies has signed a long-term power purchase agreement (PPA) with Idaho Power – a state utility – for its planned 200MW Pleasant Valley Solar project in Ada County, Idaho. The power will support operations at a data centre owned by Silicon Valley giant Meta.

Only one percent of land in Italy is suitable without limitations for ground-mounted solar PV projects in Italy, according to analysis company McKinsey.

PV tracker supplier Nextracker has commissioned a new factory to produce steel components for its tracker systems. The facility was opened in partnership with MSS Steel Tubes USA, a joint venture subsidiary between Metalogalva and Soufe, two international industrial manufacturers.

According to BSW solar, questions about the mobilisation of storage and the appropriate assessment of required market premiums and maximum bid values for commercial PV investments were largely left out.

Canadian Solar has shipped 6.1GW of solar modules in the first quarter of 2023, a 66% increase over the same period a year earlier.

Accelergen Energy will use the funds to develop "a multi-gigawatt pipeline of high quality solar and storage projects".