Solar Markets & Finance News

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.

A solar partnership between Ylem Energy as well as Derbyshire-based Denby Pottery will supply renewable resource to cut the costs of powering the firm's procedures.

DTE will certainly raise the amount of solar energy set up in Michigan by about 70% by including 650 megawatts under its MIGreenPower initiative for Ford. Every Ford vehicle constructed in Michigan will certainly be put together utilizing the power that is 100% carbon-free by 2025, which is ten years earlier than Ford's worldwide target. By utilizing carbon-free electrical power, Ford will protect against approximately 600,000 tonnes of carbon dioxide emissions per year. The acquisition will aid Ford move closer to carbon nonpartisanship and also bring in jobs and tax money for Michigan.

Massachusetts' Republican governor Charlie Baker has actually authorized a substantial climate bill that will bolster the growth of renewables project in the state and also put limits of fossil fuel use.

Saudi Arabian renewables developer ACWA Power uploaded solid H1 2022 results as it remains to divert its portfolio to renewables and low-carbon technologies.

Connor, Clark & Lunn Infrastructure, also known as CC&L Infrastructure, and also CarbonFree Technology have actually shut concerning USD 360 million (EUR 348.2 m) in the red to finance a utility-scale solar project portfolio in Chile, they introduced today.

Sistema Rinnovalbili raises EUR32m for 30MW PV project in Viterbo