Solar Markets & Finance News

Modus Asset Management secures EUR 14 million from SEB Bank to finance the purchase of a solar portfolio in Lithuania with bifacial photovoltaic panels and single-axis trackers. This acquisition brings Modus' solar portfolio up to 76 MW and is expected to generate 26 GWh of electricity annually.

European Energy A/S, a Danish renewable energy developer, secures EUR-150-million revolving fund to boost renewable energy projects in 10 Northern European countries. With an accordion feature to expand to EUR 250 million, the fund is expected to be up and running by early 2024.

Discover how LONGi Green Energy is investing in Malaysia's economy and sustainable development with the launch of its MYR 1.8 billion facility. With a production capacity of 8.8GW and 9,000 new local jobs, this ambitious project is set to transform Peninsular Malaysia.

INVL Renewable Energy Fund I secures EUR 25 million loan from Kommunalkredit Austria AG to back 451 MW of solar parks in Romania and Poland. Construction set to be completed by end of 2025.

Renew your power: R.Power Renewables, a Poland-based energy company, has purchased a 18-MWp solar project portfolio. 306 MWp projects sold and 471 MWp acquired since establishment with more planned. Discover this energy revolution!

Swift Current Energy has confirmed a 20-year power purchase agreement to its huge 402-MW Solar project in Pennsylvania. This record-breaking NYSERDA procurement is the only project located outside of New York. Construction begins next summer, with commissioning expected 2026. Swift Current is also developing 1,000+ MW of solar and storage projects across former coal mines in PA.

Ignitis Group makes historic FID to build 239-MWp solar capacity in Latvia - largest ever such investment in Baltic states. EUR 178 million investment to increase green generation of Ignitis to 4-5 GW by 2030, construction to start in 2021.

Norwegian power company Statkraft AS wins the bid for Spanish infrastructure builder Elecnor SA's renewables unit Enerfin, valued at EUR 1.8 billion. Strengthening its operations in Spain and Brazil, Statkraft secures a share in 1,734 MW of wind and solar projects.

GE Vernova & Alfanar form JV to develop 334MW of wind & solar projects in Spain; targeting ready-to-build status by 2025 & COD by 2027. Plans to explore battery & energy storage solutions.

Pacific Green Technologies Inc has taken a majority stake in a 500-MW/2,800-MWh portfolio of BESS projects in Italy, with the CEO noting the move as part of their European expansion. Construction of the facilities to start in late 2025, with a 35-year operating lifespan.

EnfraGen LLC acquires 188-MW renewables and grid portfolio in Panama & Costa Rica - a debt refinancing drives accretive balance sheet.

Trina Solar signs 1GW Vertex Module supply deal with Solar Juice in Australia to boost its presence and meet the growing demand for its Vertex S+ modules. Get the latest on the commercial and industrial Vertex N modules for your business.

Foresight Solar Fund Ltd (LON:FSFL) sells 50% stake in 99-MW Lorca solar portfolio, 21% premium to value. Funds will be used to reduce credit facility. 200 MW more divestment underway. Alexander Ohlsson highlights successful acquisition strategy.

Experience the first phase of the 749 MW DC/577 MW AC Fox Squirrel solar project joint venture between Enbridge and EDF Renewables, estimated to create 450 jobs and USD 25 million in taxes. Get ready for clean energy from Ohio by the end of the year.

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