US solar manufacturers seek to match rhetoric with reality
Executives from Qcells, Talon PV and Solar Manufacturers For America (SEMA) say extending the Section 48E tax credit with the domestic content bonus levels the playing field so US manufacturers can pay off factory investments made in good faith under the credit.
Eni sells 20% stake in renewables unit for €2 billion
Italian energy giant Eni has sold a minority stake in its Plenitude subsidiary to US-based investment company Ares for €2 billion ($2.32 billion).
Segen, BNP Paribas offer C&I energy storage, solar finance product
The new partnership will initially provide financing to help crowd in investment for photovoltaic systems and energy storage in Germany and the United Kingdom.
US policy uncertainty leads to $1.4 billion in clean energy cancellations
Around $1.4 billion in US clean energy manufacturing investments were canceled in May 2025 due to policy uncertainty, according to research group E2. Republican districts saw the greatest impact, with more than $9 billion in projects canceled, delayed or shut down so far this year.
Array Technologies to acquire APA Solar
Solar tracker supplier Array Technologies has signed an agreement to acquire Ohio-based solar racking company APA Solar for $179 million.
Indonesia’s Pertamina secures 20% stake in Citicore Renewables
Indonesia’s Pertamina New & Renewable Energy (Pertamina NRE) has acquired a 20% stake in Philippine solar developer Citicore Renewable Energy Corp. (CREC) for $120 million, with both companies planning joint investments in solar and other renewable projects in Indonesia.
Romania extends investment in solar for public institutions
Romania’s Ministry of Energy is backing 47 solar projects to produce electricity for self-consumption in schools, hospitals, city halls and other public institutions. It has now supported more than 1,000 such contracts, together reaching a combined capacity of 390 MW.
Zambia invests $40 million in solar for schools, hospitals
Zambia has launched a $40 million investment under its Presidential Solar Initiative to install solar systems at 209 public institutions, including schools and hospitals.
Innova secures PPAs covering 61 MW of UK solar projects
UK developer Innova inks three PPAs with energy trading and services company ElectroRoute. The offtake agreements have been structured to align with existing UK government backed contracts for difference agreements in place for each site.
Despite low gas prices, solar, wind remain cheapest sources of power in US
Renewables remain cost-competitive in the United States despite rising natural gas competitiveness, according to Lazard’s 2025 “Levelized Cost of Energy+” report, which estimates combined cycle gas at $0.048/kWh to $0.107/kWh, solar at $0.038/kWh to $0.212/kWh, and nuclear at $0.141/kWh to $0.220/kWh.
