Solar Markets & Finance News
In this category, we are collecting all the top financial news from the solar market: selling prices and production costs, project sponsoring and investing, governmental subsidies and grants, tenders, sales and proposals – whatever is related to economics of solar power. Let's keep track of sustainable energy market events together.
Capital Dynamics Scores Two Italian PV Sites
Capital Dynamics invests in two solar PV projects in Sicily, Italy with 324GWh of clean energy per annum, reducing 87,000 tonnes of CO2 emissions and enough electricity to power over 63,500 homes. Investing €1.8m in local community support while increasing Italy's annual generation capacity to 1TWh.
Oct 4, 2023 // Markets & Finance News, Capital Dynamics, Italy, Europe
PIC to Grow Green Energy: $854m and Beyond
The PIC, Africa's top asset manager, is investing in renewable energy sources to tackle South Africa's power crisis. Their current investments have already produced 2000 megawatts for the grid, and they have invested 310 million rand in Rifuwo Energy Partners. The PIC is also looking into solar panels on property roofs to provide further renewable energy solutions.
Oct 4, 2023 // Markets & Finance News, Africa, PIC
Masdar & W Solar to Invest 500 MW in Tajik Renewables
MW Energy, a joint venture between Masdar and W Solar, has signed an MOU with Tajikistan to explore 500MW worth of clean energy projects – from solar, wind and hydroelectric. Part of Tajikistan's 2030 plan to develop 450MW of solar and wind energy with international assistance.
Oct 3, 2023 // Markets & Finance News, Masdar
NY Mine-to-Solar: St Lawrence County Transformations
Kathy Hochul, Governor of New York, announced the auction of a 12MW solar farm project, facilitated by NYSERDA. Underutilized land will be transformed to create lower-cost, zero emission energy for St Lawrence County residents. NYSERDA will select the project developer to make a significant clean energy impact in the state.
Oct 3, 2023 // Markets & Finance News, USA, New York, NYSERDA, North America
SWRE Powers 300 MW NTPC Project
Sterling & Wilson Renewable Energy Ltd just won a INR 15.35 billion contract to install a 300MW solar project in Gujarat. It's the 3rd contract from NTPC REL in just over a year, with orders totaling INR 89.5 billion so far. Signing of the contract expected soon.
Oct 2, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Asia, Sterling & Wilson Renewable Energy
ESB Raises €1bn for Renewables Projects
ESB Group, Ireland's leading utility, has just sold two bonds for EUR 1 billion to finance renewable energy projects and reduce carbon intensity. Help create a cleaner, more resilient energy future by supporting ESB's net-zero target by 2040!
Oct 2, 2023 // Markets & Finance News, Ireland, Europe, ESB Group
Solar Solutions to Bangladesh's Power Crunch
Bangladesh is taking steps towards decarbonizing its energy sources – embracing solar power as the cheapest option by 2025. With falling technology prices, solar plus batteries are cheaper than new coal or gas power plants and could lead to energy independence and emissions reductions.
Oct 2, 2023 // Markets & Finance News, India, Bangladesh, Asia
Europe Warns: Tariffs Risk Solar Boom
SolarPower Europe urges EU policy makers not to impose tariffs on imported solar equipment as it could impede clean energy installation. Instead, incentivise resilient European solar production for a better win-win strategy. EU set a record in 2020 with 40Gw of solar capacity, but risk repeating past dips if restrictions are enacted.
Oct 2, 2023 // Markets & Finance News, Tariffs, Europe
Axpo, Sunnic Ink Solar PPA for 39.8 MWp
Axpo Holding AG signs new PPA with Sunnic Lighthouse GmbH: enjoy 38.4 GWh of renewable electricity annually until 2027! Get the details of this exciting energy deal here.
Sep 27, 2023 // Markets & Finance News, PPA, Axpo, Sunnic
Bruc Gets EUR 600m to Fuel 8.5GW Home Wind, Solar
Bruc secures EUR 600 million to fund 8.5 GW of wind and solar projects across Spain, with financiers including Banco Santander, ING, Instituto de Credito Oficial, BNP Paribas and Intesa Sanpaolo. Financing to cover a substantial part of investments with energy storage projects also being developed.
Sep 26, 2023 // Markets & Finance News, Spain, Europe, Bruc
Chile, Argentina Seek Green Energy Boom
Discover how Chile and Argentina are increasing their renewable energy sources, including solar-battery storage hybrid plants, 2.5GW of renewable energy projects, and 215MW of small-scale renewables. Find out their ambitious goals and learn more about renewable energy in the region.
Sep 26, 2023 // Plants, Markets & Finance News, Storage, Chile, Argentina, South america
Elera Supplies 120 MWp to Rio Utility
Elera Renovaveis will provide 120 MWp of solar power to Rio de Janeiro's water and sewerage utility from the Janauba PV complex. With reliable technical, operational and maintenance services, the project will meet the energy needs of 1 million inhabitants.
Sep 25, 2023 // Markets & Finance News, South america, Brazil, Elera
Microsoft, Lightsource BP Spark Solar Revolution in Poland
Microsoft and Lightsource BP have signed a landmark solar PPA in Poland, furthering Microsoft's mission to become 100% carbon-free by 2025 and carbon negative by 2030. Experience the power of renewable energy as Lightsource BP aims to facilitate a shift to a carbon-free grid.
Sep 25, 2023 // Markets & Finance News, Poland, Microsoft, Lightsource BP, Europe
JA Solar Powers Bangladesh's 150MW Solar Project
JA Solar continues its commitment to advancing solar energy in Bangladesh, supplying 150 MW of photovoltaic modules to a 275-MW DC solar park, with completion expected by the end of 2023. Partnering with Indian solar plant builder Rays Power Infra Pvt Ltd, JA Solar is creating more value in the local solar market.
Sep 25, 2023 // Manufacturing News, Plants, Commercial, Markets & Finance News, India, JA Solar, Asia, PV Power Plant
NatWest's £58m Investment in Varco's BESS Projects
Varco Energy secures £58 million in debt financing from NatWest to fund two 114MW Battery Energy Storage Systems in the UK. The projects will support UK's transition to net zero emissions, providing stability and load shifting services to the National Grid.
Sep 25, 2023 // Markets & Finance News, Storage, UK, Europe, Varco Energy