Markets

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.

UGT Renewables, a US-based developer, says it will build a 3 GW solar project in Iraq under a deal with the federal government that includes 500 MWh of storage and 1,000 km of high-voltage direct current (HVDC) lines.

This week Women in Solar+ Europe gives voice to Jessimiela Usidame, Procurement Manager at UK-based Elgin. She says creating equity means making space for women to speak, lead, and shape outcomes at every level. “Still, many women in commercial and project-facing roles must prove themselves — again and again. There’s often an unspoken presumption about what we can’t do, before anyone sees what we can,” she states.

Indonesia and Singapore have signed a memorandum of understanding to develop a solar manufacturing supply chain in Indonesia’s Riau Islands province, as part of broader plans to enable cross-border clean energy trading.

Poland has installed solar arrays along the S5 expressway as part of a project to cut infrastructure operating costs. Surplus electricity will feed the grid or supply electric vehicle charging stations.

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.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, reports that US-assembled modules with imported cells continue to be heard between $0.26/W and $0.33/W, while modules with domestic content – which are still limited to just a handful of producers – are generally quoted between $0.4/W and $0.5/W.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that smoke from ongoing Canadian wildfires has continued to suppress irradiance levels across Canada and the Eastern US into June, with impacts stretching as far as Europe.

French renewables producer Unite has completed two solar-aviary projects selected by France’s Energy Regulatory Commission (CRE) in recent tenders for innovative PV solutions.

Singapore-based EDMI, a subsidiary of Japan’s Osaki Electric, has launched NEOS Solution, a next-generation electricity grid platform designed to orchestrate distributed energy resources (DER) and enable real-time meter monitoring during blackouts.