Acadia spearheads USD 9 bn renewables push in the US: US investor Acadia InfrastructureCapital, alongside companies including Microsoft, is spearheading a USD 9 bn initiative to develop renewable energy projects across the US, the project lead told Reuters. The Climate and Communities Investment Coalition (CCIC), launched by Acadia with Microsoft as an anchor member, aims to accelerate corporate-led renewable energy financing. The initiative is expected to build around 5 GW of renewable power over five years.

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The reasoning: The CCIC's efforts are driven by the need for companies to meet environmental targets and access Renewable Energy Certificates (RECs). These certificates can be sold to companies looking to green their power supply or offset dirty emissions in their supply chains. The coalition's first deal saw Matrix Renewables secure financing for a 210-MW solar project, backed by Microsoft.

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  • Longi delays its mega solar module plant: Longi Green Energy has postponed the launch of its 15 GW solar module factory by 18 months due to overcapacity and intense price competition in the photovoltaic industry. Originally set to begin this month, the USD 414 mn project is now expected to be operational by June 2026. (Bloomberg)
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