Solar Markets & Finance News

Mytilineos SA secures €400 million loan from EIB to install 2.6 GW of solar and storage capacity across EU countries, enabling €2.5 billion of projects and helping EU reach net zero emissions by 2050. Upgrade of Greek electricity grid included.

Soltec and CIP have joined forces to drive the green transition in Denmark, selling 850 MW of early-stage solar projects to CIP's Energy Transition Fund I. The projects span Denmark, with most located in the Jutland region, allowing both parties to participate in the booming Power-to-X industry.

Akcome is investing $140 million to create a HJT-Perovskite solar cell research and production base, promising low-temperature production and simpler incorporation. Join the initiative to capitalize on the solar cell's potential!

Taaleri Energia has achieved a second closing of its 6th renewable energy fund, securing EUR 430m for a total of 5.9GW in power generation capacity from onshore wind, solar and battery storage projects across 50 sites. EBRD, EIF & more have contributed to this exciting initiative!

GreenYellow acquires 20MW of renewable projects from Demeter Investment Managers, creating 7.7GWh of electricity a year. Their mission: helping businesses & communities in their energy transition, with innovative & sustainable projects.

ERG, an Italian IPP, acquires 73.2MW portfolio of wind and solar projects in France with an enterprise value of €86 million. Contract-for-difference and PPA benefit, plus 674MW capacity in Europe, creating 20% from photovoltaic energy. Closing by Jan 2024.

On.Energy has secured $40 million in funding to launch an 80MWh battery energy storage portfolio in Texas. This portfolio will support the ERCOT grid and is set to be commissioned in 2024. On.Energy is working on a 1GWh pipeline of energy storage systems to be operational by 2025.

First Solar is selling up to $700 million of 45X Advanced Manufacturing Production tax credits to Fiserv to become a clean-energy leader and reduce reliance on Chinese-made components. $0.96 of credits per $1 of tax will be received in 2024.

Adani Green Energy Ltd. has achieved a milestone with an 8GW green power project portfolio, securing buyers for the entire capacity over 25 years. Stimulated by post-pandemic recovery, extreme weather and heightened electricity demand, Adani Green is geared up to invest $22 billion to expand capacity to 45GW by 2030.

Ready for power? 2021 will bring a surge of grid-connected projects that will transform energy supply. Get the details now!

Octopus Renewables Infrastructure Trust plc is proposing a merger with Aquila European Renewables plc, to create one of the largest London-listed renewable energy investment trusts, expected to have a market capitalisation of GBP 745 million. ORIT awaits AERS' response as they enter into further discussions in the New Year.

The European Union has allocated €2.17 billion from the Modernization Fund to help nine Member States reduce GHG emissions and improve energy efficiency. Greece, Portugal and Slovenia to benefit from 2024. A joint effort between the EU, EC and EIB.

The US is reportedly considering raising tariffs on Chinese goods, including EVs and solar products, to limit reliance and protect the US green industry. With Biden in office, officials are debating tariffs and looking to review them early in 2021. Potential targets include EV battery packs and consumer products, though the impact on the yuan and Chinese markets may be limited.

Dr. Brabec's research team sets a new world record in OPV efficiency, reaching 14.46%. This breakthrough has the potential to revolutionize our energy future with OPV's flexibility, transparency, and lower environmental impact.

Enphase Energy Inc. and SunPower Corp. join the list of rooftop solar companies hit by rising borrowing costs and decreased demand. Enphase announced 10% workforce reduction and closure of two factories while SunPower shares drop after a breach in credit agreement. Restructuring and asset impairment charges up to $18 million.