Solar Markets & Finance News

An exclusive climate infrastructure fund handled by BlackRock Real Assets has actually consented to take complete ownership of majority-owned Taiwanese solar designer and also operator New Eco-friendly Power (NGP).

When completed, the 8.5 MW solar project, which will provide renewable energy to regional utility Matanuska Electric Association, will certainly be the biggest solar asset ever before constructed in the state.

Philippine electrical power representative Manila Electric Company (PSE: MER), better referred to as Meralco, said today it has launched an affordable selection process for third-party bids challenging an existing 24/7 power supply proposal from a Solar Philippines unit.

Sonnedix Power Holdings Ltd has actually acquired a portfolio of 117.8 MW of ready-to-build solar photovoltaic (PV) projects in Italy from Graziella Holding and other minority sellers.

UK programmer expects construction work with two plants in Apulia to start in January 2023

JSW Energy To Purchase Renewable Portfolio Of London Based Mytrah Energy

US domestic solar installer Sunnova intends to supply a US$ 425 million private placement of convertible senior notes due in 2028, to repay debts and also fund operating costs.

Outfit will manage HV services in-house as well as give extra components administration as part of contractual obligations

US solar product supplier Shoals Technologies Group saw record revenue as well as gross profit in the second quarter of 2022 because of strong demand for its combine-as-you-go system as well as a large number of new customers buying up components.

US residential solar as well as battery storage firm Sunnova Energy International Inc (NYSE: NOVA) intends to launch a USD-425-million (EUR 418.2 m) placement of convertible senior notes, aiming to pay off debt and also cover operating costs.

Insurance group Alte Leipziger Hallesche, or ALH Group, has signed an offer to indirectly acquire a 49.9% stake in a 597-MW solar farm portfolio in Germany coming from energy supplier EnBW Energie Baden-Wuerttemberg AG (ETR: EBK).

Canadian commercial solar tower programmer Three Sixty Solar Ltd (NEO: VSOL) announced that since today, its typical shares trade on the NEO Exchange in Toronto under the ticker symbol "VSOL".

ALH Group has actually indirectly acquired a 49.9% share in a 597MW portfolio of sixteen projects

The US House of Representatives on Friday passed the Inflation Reduction Act (IRA). The largest climate package in United States background will certainly currently transfer to the desk of President Joe Biden, where it is anticipated to be authorized right into law as very early as today.

Members of the House of Lords have actually contacted the government to promote the development of community energy projects in its new Energy Bill.