power purchase agreements (PPA)

The delay rate for large-scale photovoltaic projects in the United States fell to 20% in Q3 2025, down from 25% a year earlier, despite record growth in installed capacity in 2024.
Evolution III fund of Inspired Evolution invests alongside FMO and Swedfund to accelerate regional growth of Sedgeley Solar Group, active in solar installations for commercial and industrial sectors.

Naked Energy expands solar thermal operations to Spain and Portugal

British company Naked Energy is accelerating its international expansion with a new office in Madrid to deploy its solar thermal technology in the industrially promising Iberian market.
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Tata Power is preparing a 10 GW ingot and wafer facility to consolidate its domestic solar chain, secure supplies, and capture PLI incentives ahead of 2026 local content mandates.
ACEN Australia’s Stubbo Solar project becomes the first solar asset to operate under an LTESA contract, strengthening its role in New South Wales’ energy transformation.

General Oyster to invest ¥800mn to strengthen its solar portfolio

The Japanese oyster producer is investing in both resale and construction of photovoltaic plants, evenly splitting resources to consolidate its GO Store subsidiary's position in the domestic solar market.
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Fortescue launches a solar innovation hub in the Pilbara with AUD45mn ($28.9mn) in public funding to test technologies aimed at accelerating and optimising large-scale solar farm construction.
The Philippine Department of Energy validated over 10 GW of renewable projects, including floating solar and hybrid systems, in the fourth round of its national green auction programme.

BridgePeak grants $144mn loan for 112.5MW solar farm in North Carolina

Developer Headwater Energy secured $144mn in financing arranged by BridgePeak Energy Capital to build a 112.5MW solar plant, expanding its portfolio in the southeastern United States.
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JA Solar has signed an agreement with Larsen & Toubro to supply photovoltaic modules for the Samarkand 1 and 2 solar power plants, developed by ACWA Power with a total installed capacity of 1.2 GW.
Taiwanese company HD Renewable Energy is expanding internationally with major solar and battery storage projects in Australia and Japan, targeting more than 6 gigawatts of installed capacity by 2028.

EDF, SPIC and SAPCO consortium secures financing for 1,400 MW solar projects in Saudi Arabia

Two photovoltaic plants with a combined capacity of 1,400 MW will be operational in 2027, strengthening EDF Group's international presence and Asian actors in Saudi Arabia's energy market.
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Matrix Renewables and SOLV Energy have completed construction of the Stillhouse Solar plant, a 284 MW project in Bell County, representing over $370mn in private investment and 320 jobs created.
With solar module manufacturing capacity tripling domestic demand, India holds 29 GW in inventory, while exports to the United States fall by 52%.

Boviet Solar invests in 3 GW photovoltaic cell plant in North Carolina

Boviet Solar strengthens its industrial presence in the United States with a major investment in a new 3 GW photovoltaic cell plant in Greenville, consolidating its North American expansion strategy.
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BrightNight and Cordelio Power have announced the financial close for the Pioneer Clean Energy Center, a hybrid project combining 300 MW of solar and 1,200 MWh of energy storage in Arizona, aimed at supporting the state's growing energy demand.
Driven by innovations in perovskite and quantum dots, the next-generation solar cells market, valued at USD 4.21 billion in 2024, is expected to grow rapidly at a rate of 21.21%, reaching USD 19.62 billion by 2032.

GreenYellow and Sasol Italy launch the construction of a 5.1 MWp solar plant in Lombardy

GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.
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Seven-Eleven Japan signs a power purchase agreement (PPA) with Chugoku Electric Power to acquire 22.3 GWh annually from solar and hydro projects, marking a new chapter for the retailer in renewable energy procurement.
OneD Battery Sciences and Shanghai Putailai New Energy Technology announce a development agreement to design and scale production of silicon-carbon anodes for lithium-ion batteries.
Clenergy has appointed Haydn Fletcher and Samir Jacob to strategic positions to strengthen its operations in Australia and internationally, amid targeted commercial expansion.
Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.

ENGIE North America signs 600 MW solar deal with Meta in Texas

ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.
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OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.

Shanghai Electric signs 342 MW deal with Econergy in Romania

Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
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Swift Solar has installed its perovskite solar panels on a military site for the first time, as part of a US Department of Defense exercise testing energy resilience for critical infrastructure.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.

Single-axis solar reaches $37/MWh in Middle East and Africa in 2025

The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
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Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
US developer Cypress Creek Renewables has closed financing for the Sundance project, combining 75MWac of solar with 200MWh of storage, with commissioning expected by late 2026.

Ampliform secures $165mn loan to accelerate US solar projects

US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
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More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.
Chanel has signed a 20-year power purchase agreement with REDEN to supply nearly one-third of its electricity needs in France from two photovoltaic plants commissioned in 2025.

i Grid Solutions and Tokyu Land to invest over JPY20bn in 200MW of solar

i Grid Solutions and Tokyu Land will develop an additional 200MW of on-site solar under power purchase agreements by 2029 through their joint venture TLC VPP, with an investment exceeding JPY20bn ($133mn).
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US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.

SMFL Mirai Partners to acquire 5MW of low-voltage solar from GreenEnergy Plus by 2026

SMFL Mirai Partners commits to purchasing fifty low-voltage solar plants from GreenEnergy Plus, targeting 50MW installed capacity by fiscal 2030 to strengthen its supply strategy for private power purchase agreements.
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Recurrent Energy, a subsidiary of Canadian Solar, secured $825mn to develop a 150 MWac solar plant and a 600 MWh storage site in Maricopa County, in partnership with Arizona Public Service.
Canadian firm Stardust Solar grants its first African franchise to Megatricity Energy in Zambia, launching a new phase of expansion into emerging solar energy markets.