Finance

The investment will support Hero Future Energies in expanding its renewable energy capacity. The Indian independent power producer has a diversified portfolio of 1.6 GW of operating solar and wind projects.

Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics Irena has estimated it will require to achieve a net zero carbon energy system by 2050.

A consultation about raising the level of payments made for excess household electricity injected into the grid appears to have prompted fears it could raise solar power prices across the board.

As the pace of solar installations quickens, developers are racing to find the best remaining sites and optimize their position in interconnection queues. But what if the best investment opportunity is hidden in a site built a decade or more ago? Time gets the better of us all, and many early solar sites no longer perform as expected. Yet those sites generally sell power at prices today’s developers can only dream of. Chris Chappell and Stephen Shirey of Clean Energy Associates examine what can be done to unlock the value in these legacy sites.

With clean energy installations projected to skyrocket, the two financial powerhouses value EPC Power’s position in the evolution of the industry.

BlackRock has agreed to acquire SolarZero, a New Zealand rooftop PV specialist, as part of its push into renewable energy in the Asia-Pacific region.

European Commission President Ursula Von der Leyen has announced a mandatory electricity usage reduction of at least 5% during peak price hours. Electricity market restructuring measures and a €3 billion ($2.9 billion) investment for a new green hydrogen bank were also on the agenda.

There are three main drivers behind the continuing growth of solar today: the economics of energy, the energy crisis driven by the war in Ukraine, and a growing global focus on green and net zero initiatives. What matters is that these three drivers change the dynamics of investment – there is a growing body of capital looking to align with low-carbon, net-zero initiatives. Yet as the debate rages about operational versus overall sustainability, what is the future of solar for ESG finance?

SolarPower Europe has issued a statement opposing any moves by the European Commission to impose a lower maximum electricity price on renewables than on fossil fuel energy. EU member state energy ministers will meet this week to thrash out emergency measures to protect bill payers.

The European Bank for Reconstruction and Development will contribute up to $100 million to support 150 MW of solar capacity, plus 53 MW of wind.