Solar Markets & Finance News

Solar power generation rose 28% in the summer duration contrasted to 2021

Climate law solar debts to assist marginalized communities Boom predicted for community-based solar projects

Solar project designer and operator ReneSola Ltd (NYSE: SOL) swung to a second-quarter GAAP net loss of USD 204,000 (EUR 204,049) as revenues toppled 55.7% on the year, mainly because of postponed project sales in the US.

PV industry anticipated to boost 40% over baseline projections by 2027, according to SEIA report

Lithuanian energy business Ignitis Grupe AB (VSE: IGN1L) stated on Tuesday it has actually sealed a conditional deal to acquire a Latvian business creating a 200-MW hybrid wind-solar park project in its home country.

Bboxx is broadening its footprint in Africa by acquiring pay-as-you-go solar business PEG Africa.

Renewables investment trust Atrato Onsite Energy plc (LSE: ROOF) today stated it has gotten a business that owns 33 MW of solar parks in the UK from Cero Generation, an independent portfolio firm of Macquarie's Green Investment Group (GIG).

US renewable energy plants designer as well as operator Cypress Creek Renewables has shut a USD-216-million (EUR 218m) financial debt funding deal for its 208-MW Zier solar park with battery storage in Texas and also introduced the begin of building and construction activities.

Norwegian power business Statkraft A/S has actually issued EUR 500 million (USD 495.8 m) well worth of elderly unsecured green bonds to secure funds for renewable resource and clean transportation projects.

I-RECs certificates are important as market participants and energy consumers seek transparency in the global market for valuing renewable-origin power generation. & P Global said that Brazil is the biggest I-REC market in Latin America while Turkey as well as India represent 2 of the biggest markets in Asia.

Global energy conglomerate, Shell plc and Green Tie Capital have determined to collaborate to create solar projects in Spain with a combined capacity of more than 2 GW. To develop renewable resource projects in the Philippines, Nickel Asia Corp (NAC) subsidiary Emerging Power (EPI) and Shell organization unit Shell Overseas Investments signed a joint venture agreement in July 2022.

For all the supply side obstacles, Chinese producers like Risen Energy have kipped down very strong numbers in 2022, indicating the obvious chance for even more competitors out there. The scenario could change significantly by 2024-25, by when multiple new abilities globally will come online.

Iberdrola SA (BME: IBE) has actually pledged to spend up to EUR 3 billion (USD 2.99 bn) to expand its renewable energy capacity in Australia, the business announced on Monday.

Indian empire Reliance Industries Ltd (BOM:500325) on Monday unveiled definitive agreements to get a 79.4% stake in US solar power software developer SenseHawk Inc in a bargain worth USD 32 million (EUR 32.1 m).

To fund the growth of a 6GW pipeline of solar and storage space projects in the Midwest, Southeast, and also California, Arevon Energy has actually obtained a $400 million green loan fund debt center from the Canadian Imperial Bank of Commerce (CIBC) and KeyBank N.A. The timing of this fundraising with Arevon's one wedding anniversary of procedure strengthens the firm's monetary strength in the renewable energy market.