Norwegian renewable energy firm Scatec has signed equity deals for a massive solar-plus-storage project in Egypt and begun operations at a site in South Africa.
Buyers should prepare for increases in the price of vital solar module components, such as polysilicon, wafers and cells, but “remain cautious” of accepting new contractual terms from Chinese suppliers until formal market policies are agreed.
Delegates at this year’s COP30 summit agreed to a “global mutirão”, meaning “collective efforts”, to tackle climate change, but the final text of the summit includes no framework for reducing fossil fuel production.
