ADB, World Bank commit $12.5 billion to ASEAN Power Grid plan
The Asian Development Bank (ADB) and World Bank have launched a $12.5 billion initiative to finance regional power interconnection in Southeast Asia under the ASEAN Power Grid program.
Ireland expands scheme offering free solar systems to the medically vulnerable
The Solar PV Scheme for Medically Vulnerable Customers covers all homeowners dependent on electrically powered medical equipment regardless of their energy supplier. It includes a 2 kW solar PV system and around 470 homes have benefited to date.
Vietnam proposes financial support for residential solar, storage systems
Households in Vietnam could receive up to VND 3 million ($113.9) in investment capital for home solar-plus-storage systems installed for self-consumption, or a preferential loan of up to VND 40 million, under proposals from the country’s Ministry of Industry and Trade.
Skycorp to acquire 24% of Nanjing Cesun, consolidate shares
China’s Skycorp Solar Group will issue 12 million Class B shares to buy a 24% stake in Nanjing Cesun Power and proceed with a planned share consolidation pending board approval.
Market trust key for perovskite solar commercialization
In a new perspective paper, researchers from Dresden University of Technology and Denmark’s InfinityPV analyzed scientific research and more than 100 companies involved in organic PV and perovskite solar cell manufacturing. Their findings show that the commercialization of these technologies depends on the PV industry’s ability to increase financial transparency.
Negative pricing reshapes solar finance as investors turn to storage for flexibility in Europe
Growing price volatility and the rise of negative pricing across power markets are pushing lenders and developers to rethink risk and revenue structures, focusing on asset flexibility and sustainable business models for storage, including co-location.
Ireland allocates over €1 billion to renewables, solar takes lead
For its 2026 budget, the Irish government will allocate a record €558 million ($648.1 million) for home and community energy upgrade grants, including the popular microgeneration scheme for residential PV, and extend the €400 income tax exemption for microgeneration profits until 2028 to help lower energy bills.
Mauritania, Niger sign major solar financing deals
Mauritania has signed its first independent power producer contract, covering a 60 MW solar-wind hybrid project. Niger has entered into a financing agreement with the African Development Bank that plans to develop 240 MW of solar power by the end of the decade.
Sungrow initiates Hong Kong listing, targets $126.7 million raise
As part of a dual-listing strategy, the Chinese manufacturer has officially filed its application for an initial public offering on the main board of the Hong Kong Stock Exchange, aiming to fuel its global expansion.
Freight costs steady after early September spike
Freight costs, which contribute towards the total cost of a solar installation, have fallen week-on-week on trade lines out of the Far East, helping to offset a price surge in the US-bound short-term market recorded at the start of September.
