Solar Markets & Finance News

BlackRock's $500 million investment in Canadian Solar's Recurrent Energy unit will boost renewable power and energy storage projects in the US and Europe, aligning with BlackRock's alternative asset ambitions. Canadian Solar shares surged 21% on the news.

Exus North America secures 625MW solar farm portfolio in New Mexico, bolstering the state's clean energy goals. Partners Group invests $1 billion, fueling Exus' expansion in North America.

EIT InnoEnergy and Demeter Investment Managers launch a €500m fund to invest in battery raw materials production, meeting the growing demand for electric vehicle batteries in Europe.

Octopus Renewables Infrastructure Trust (ORIT) demonstrates flexibility by terminating solar project option in Spain, resulting in a net gain of £3m and reflecting their disciplined approach to capital allocation.

Globeleq's debt restructuring for its solar plants in South Africa aims to reduce costs, lower electricity prices, and benefit local communities and shareholders.

Ørsted's largest solar project in the US, the Mockingbird Solar Center, will provide Bloomberg with renewable energy to cover 100% of its US electricity usage and 80% of global usage, while preserving native prairie and boosting the local economy.

Bluefield Revive Italia, a joint venture between Bluefield Partners LLP and Arcano Capital SGIIC SAU, acquires 7.2 MW of new photovoltaic parks in Southern Italy, aiming to revitalize operational solar assets facing various challenges.

TandemPV secures $6 million in funding, reaching a total of $27 million, to fuel research, development, and establish its first manufacturing facility. With 26% efficiency, their perovskite panels offer cost-effective power solutions.

RedoxBlox secures $15.6 million in grants and financing to advance its thermochemical energy storage technology, aiming to revolutionize industrial heat applications and renewable energy storage.

EDP Renewables strengthens its position in the French market with the acquisition of 42 MWp of solar projects, combining renewable energy with agricultural activities.

Tata Power partners with Tamil Nadu government to invest $8.5 billion in clean energy projects, aiming to build 10GW of renewable energy and phase out fossil fuel capacity by 2045.

Adani Green Energy reveals its strategy to repay a $750 million bond, including funds from share sales and joint-venture deals, as it aims to reduce debt and fuel growth.

Arctech and Alpon Energy have formed a strategic alliance to expand solar energy solutions in Turkey and beyond. Leveraging both partners' expertise, the agreement promises tailored solutions for regional demands, driving mutual growth in the solar energy market.

Greece's RAAEY is launching a tender for 200MW of renewable energy projects in Bulgaria & Italy. Solar projects of 1MW & wind schemes of 6MW can bid & sell their output daily on the Greek day-ahead market. Deadline to apply is March 11. Winners announced April 25. Commission capacity in 30/36 months. Promoting pan-EEA energy project development.

EDPR's sale of 80% stake in 340-MW US solar portfolio is an exciting move towards its EUR 7 billion asset rotation programme. This USD 400 million deal marks a quarter of its goal, and will shape the future of energy.