Egypt-UAE joint venture wins Ivory Coast solar tender at €0.0310/kWh
Infinity Power submitted winning bids of €0.03310 ($0.039)/kWh and €0.03213/kWh for two solar projects totaling 80 MW, marking the lowest tariffs secured by an independent power producer in West and Central Africa.
Swedish heat pump maker Aira raises €150 million, plans production capacity expansion
Aira is raising €150 million in equity financing to support increased production capacity in Wroclaw, Poland, as well as further research and development in Sweden.
Lyten to acquire Northvolt’s $5 billion battery assets in Sweden and Germany
US startup Lyten has stepped up again to buy Northvolt’s Swedish and German assets, continuing its takeover of the failed battery giant’s $5 billion manufacturing empire. The move marks a major shift in Europe’s battery landscape.
Quebec to offer rebates for home, commercial solar
Hydro-Québec says it will offer financial aid to residential and business customers deploying solar in the Canadian province from next year, with CAN 1,000 ($726.28) available for each installed kilowatt.
Sun King secures $156 million to expand off-grid solar in Kenya
Sun King has secured a $156 million deal backed by Kenyan banks and international development finance institutions to expand off-grid solar access in Kenya, financing the purchase of about 1.4 million solar products and smartphones.
Risk spillover dynamics in Chinese PV supply chain
Researchers in China have investigated how market segment spillover effects materialized in the Chinese PV supply chain from 2017 to 2024, and have identified a series of hedging strategies that could help manufacturers reduce risks. Their analysis showed these effects are triggered based on an ‘’upstream-driven, downstream-responsive’’ contagion pattern.
South Africa approves six solar projects totaling 1,290 MW
An additional six solar projects have been approved as part of South Africa’s seventh renewables procurement round following the reallocation of unused onshore wind capacity to solar bids.
European developers signed 20 PPAs for 1,429 MW in June
Swiss-based analytics firm Pexapark says the European power purchase agreement (PPA) market recovered strongly in June following a poor result in May, with solar accounting for the majority of newly-signed capacity.
Canadian province extends heat pump rebates to apartments, condos
British Columbia’s rebate scheme for heat pump installations now offers up to CAD 5,000 ($3,638) for the purchase and installation of an electric heat pump in suites within multi-unit residential buildings.
Slovenia opens €29 million call to fund priority solar, wind projects
Slovenia has opened a €29 million ($33.7 million) call under the European Union’s Modernisation Fund to support priority solar and wind projects, with applications due by Jan. 7, 2026.
