investment

Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.

Global renewables investor Actis has launched a new US$500 million renewables development platform in Japan, looking to deploy 1.1GW of onshore solar and wind by 2027.

Clean energy trade bodies ACP, ACORE and SEIA have denounced an attempt by Republicans to roll back the Act, which has spurred unprecedented investment in the US market.

UK-based energy group Octopus Energy has made its first steps in the Asian renewables market with an investment in Japanese solar developer Yotsuya Capital.

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.

Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Australian Clean Energy Council.  

US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.

Swedish state-owned utility Vattenfall has invested in a 76MW agrivoltaics project in the northeastern municipality of Tützpatz, Germany.