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Finance

Moldova brings 60 MW of solar online from first renewables auction

Moldova’s Ministry of Energy says 60 MW of solar awarded in the country’s first renewables auction is now online, with developers receiving 15-year fixed-price guarantees at MDL 1.16 ($0.069)/kWh.

Canada backs 32 MW Indigenous-owned solar project

Canada is investing CAD 33 million ($23.8 million) in a 32 MW solar project to be built by George Gordon First Nation in Saskatchewan.

EVE showcases 6.9 MWh storage system, targets Q3 scale-up

China’s EVE Energy recently presented a 6.9 MWh battery energy storage system integrating its 628 Ah cells and announced its 2025 half-year results.

Egypt signs land-use contract for 2 GW solar cell and panel complex

Egypt has signed a land-use contract for a 2 GW solar cell and 2 GW panel complex with 1 GWh of storage, backed by investors from Egypt, China, Bahrain, and the United Arab Emirates.

Jordan to install solar at homes of disabled people

Jordan’s government will fund a five-year program to install grid-connected solar systems at 1,000 homes of disabled people and their families, starting in 2026.

Schneider Electric acquires WattBuy home-electrification software platform

Schneider Electric is expected to merge WattBuy with EnergySage and Qmerit to provide an end-to-end experience for residential solar, EV integration, home electrification, and related services.

French developer secures $5.7 million for 5.8 MW of floating PV in Seychelles

Paris-based Qair has secured a $5.7 million senior debt facility to develop a 5.8 MW floating solar project in the Seychelles, reviving plans that were delayed by the Covid-19 pandemic.

Consortium reaches financial close on 2 GW Saudi solar project

Masdar, GD Power and Korea Electric Power Corp. (Kepco) have reached financial close on the 2 GW Al Sadawi solar project in Saudi Arabia. The financing includes $1.1 billion from eight regional and international banks.

Indian entrepreneur invests $15.8 million to expand PV production

Indian entrepreneur Nikhil Kamath has invested INR 1.375 billion ($15.8 million) in Gujarat-based Goldi Solar to expand its PV module production.

Data center firms could buy utilities and add renewables, says trade group exec

Data center firms could purchase electric utilities and add renewable generation in the United States, says Simon Mahan, executive director of the Southern Renewable Energy Association, which represents the wind, solar, storage and transmission sectors.

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