energynews

The 800 MW Horizeo photovoltaic project spanning 680 hectares in Gironde awaits governmental authorization linked to France’s Zero Net Artificialization (ZAN) objective to advance permits submitted in early 2024.
Global photovoltaic tracker shipments rose 20% in 2024, driven by India and Saudi Arabia, pushing the United States to a less dominant market position.

Astronergy secures first global order for its ASTRO N8 modules

Chinese manufacturer Astronergy will supply its ASTRO N8 photovoltaic modules for a solar project developed in Spain by engineering firm GES Siemsa, marking a strategic advance in the European market.
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SMEG and the City of Mâcon have started construction of a 6 MWc solar power plant on a former landfill site, with commissioning scheduled for early 2026.
Producer Corsica Sole is inaugurating a 5.4 MWc photovoltaic plant in Cirey-sur-Vezouze on a former industrial site, with 8,700 panels and an estimated annual output of 6.1 GWh.

Kashgar reaches 10.2 GW of installed solar capacity and builds a new energy hub

The Kashgar region has connected over 10 GW of solar projects to the grid, representing more than three-quarters of its total power capacity, initiating the development of a new power system in southern Xinjiang.
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U.S.-based Soltage raises $260mn to support the construction of 250 MW in solar and storage projects within a development pipeline exceeding 2 GW.
Origis Energy has closed financing for the Wheatland project in Indiana as part of a $530mn portfolio, in partnership with MUFG and several financial institutions.

German solar revenues drop 37% due to negative power prices

Germany’s solar capture price fell to a five-year low in May, driven by rising negative price hours and excess photovoltaic capacity.
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Albioma Solaire Guyane has commissioned five photovoltaic plants totalling 1.4 MWc, spread across Mana and Macouria, to strengthen local electricity supply in a region isolated from the national grid.
South African group NOA and Standard Bank have finalised the financing of the 349 MW Khauta South solar site, now the largest developed on a single site in South Africa.

Enfinity Global signs contracts for 420 MW of solar in Italy with US-based firm

Enfinity Global signed new power purchase agreements for a 420 MW solar portfolio with a US technology company operating in Italy, reinforcing its position in the Italian energy market.
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The American solar sector saw strong industrial growth in Q1, but tax and trade uncertainties could hinder its momentum and affect local investments.
Global solar leaders doubled shipments in one year, but combined losses of $4 billion highlight intense margin pressure in the sector.

U.S. Solar Growth Slows Under Political Pressure from Washington

Growth in the U.S. solar sector is expected to slow by 2030 due to political shifts in Washington directly impacting tax incentives and imposing tariffs on essential materials, creating sectoral uncertainty.
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The $176 million agreement between Pine Gate Renewables and Waaree Solar Americas strengthens the US solar supply chain with locally manufactured modules.
TotalEnergies has acquired a 350 MW portfolio of solar projects and 85 MW of battery storage in the United Kingdom, expected to be operational by 2028 and supplying the equivalent of 100,000 British households.

TEPCO signs SGD35mn financing deal for rooftop solar projects in Singapore

Tokyo Electric Power Company signed a financing agreement with Bank SinoPac to support a 40 MW rooftop solar project in Singapore, marking a first for the group in the Asia-Pacific region.
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rPlus Energies finalised over $500mn in tax equity financing with RBC to support the construction of the 800 MW Green River Energy Center in Utah.
Carey International Group has committed $870mn to the construction of solar projects in the United States, marking the official launch of an energy portfolio led by SYMX Energy, with commissioning scheduled for 2026.