WEEKLY REVIEW

PV market news this week：

1. ACME secures US$43 million financing for 400MW project in Rajasthan

Indian solar developer ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings, has secured INR3.8 billion (US$43 million) to develop and construct a 400MW solar project co-located with a battery energy storage system (BESS).

The financing was secured from the Indian public sector bank State Bank of India (SBI) to support the development and construction of a Firm and Dispatchable Renewable Energy (FDRE) project, with repayment structured over 19 years.

2. Renewable energy among targets of US$634m EBRD climate finance package

The European Bank for Reconstruction and Development (EBRD) has launched a new programme to improve access to green financing and support investment in areas such as renewable energy.

The 'Greening financial systems: delivering climate finance for all' programme aims to mobilise US$634 million in green financing, and is supported by a US$200 million investment – in the form of loans, grants and technical assistance – from the bank and the Green Climate Fund (GCF). The programme will be available in 13 countries, including Armenia, Moldova and Tajikistan.

3. Vattenfall commissions 76MW agriPV plant in Germany

A project claimed to be Germany's largest agriPV plant has been commissioned in the north-east of the country.

The 76MWp Tützpatz Agri-PV solar park, located in the Mecklenburg Lake District, spans a 93ha site that will also host livestock and arable farming.

4. Iberdrola signs 77MW PPA with Italian retailer SelexSpanish energy utility giant

Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale. 

The agreement will cover the generation of 125GWh annually from July 2026. Structured as a framework deal, it enables energy distribution across Selex Group's associated companies under unified contractual terms.

5. US clean energy tax credit monetisation to reach up to US$60 billion in 2025 – Crux

The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.

 This would be up from the US$52 billion registered in 2024, while tax equity investments are forecast to rise by 10-20% year-on-year in 2025 with between US$32-35 billion.

6. European PV buyer sentiment remains low, but stable, in August

The average price of solar modules sold in Europe fell marginally between July and August, while buyers' confidence remained steady from one month to the next.

These are some of the takeaways from sun.store's latest PV Index report, which tracks solar products and buyers' sentiment in Europe. Between July and August, a number of module types saw average selling prices fall; mono-facial p-type modules saw prices fall 6% to €0.079/W; full black modules saw a price reduction of 5% to €0.099/W; and bifacial n-type modules saw a price decline of 2% to €0.097/W.

7. Australia's NEM sets new renewable energy record with solar PV providing 17GW

Australia's National Electricity Market (NEM) broke records yesterday when renewables supplied 76.4% of total electricity demand, with solar power contributing nearly 60% of the record-breaking clean energy mix.

The landmark moment occurred at 12:05 PM on 8 September, surpassing the previous record of 75.9% established on 6 November 2024, according to data analysis from Geoff Eldridge of Global Power Energy (GPE NEMLog).

8. France awards 971MW of ground-mount solar in latest tender

The French Ministry of Ecological Transition and Territorial Cohesion has awarded 971MW of ground-mount solar capacity, to 165 projects, in the eighth round of the second Programmation Pluriannuelle de l'Energie (PPE2) PV tender.

Launched in 2021, the PPE2 tender builds on a previous tender, and aims to award 29GW of power capacity before 2026. The eighth round of the tender saw more projects and more total capacity awarded than in the previous session – 165 projects compared to 103 and 971MW of capacity compared to 887.5MW, respectively – and saw the average power price awarded for the tendered projects increase slightly.

9. Philippines auction attracts 9.4GW in renewable energy bids

A green energy auction in the Philippines has secured 9.4GW of renewable energy capacity subscriptions.

The results of the Southeast Asian country's Fourth Green Energy Auction (GEA-4) published last week showed an 88% subscription rate from an installation target of 10.65GW.