Solar Markets & Finance News

Hive Energy takes its first step in Greece with the sale of four 267MW solar projects to Juwi Hellas. These solar parks are expected to provide enough energy to power 100,000 homes, with construction set to begin in 2021. This marks Juwi Hellas' 61st solar project in Greece with a total capacity of over 300MW.

The International Solar Alliance (ISA) and partners announce a $35 million capital contribution to the Global Solar Facility (GSF), designed to stimulate solar investments in underserved regions. India and Bloomberg Philanthropies to invest $25 and $10 million respectively. GSF anticipates $10 billion investments to benefit 200 million by 2030.

Engie India and Waaree Energies partner to build 200 MW PV project in Gujarat village. Waaree to supply AHNAY 545-Wp bifacial modules for 25 year power supply to GUVNL. Waaree, the largest solar module maker in India, to start delivery in November & launch IPO of up to USD-350 million.

Opdenergy Holding SA has signed a 12-year PPA for Alcones solar farm in Chile. Generating 1.68 TWh of solar energy annually, this 108-MW project will bring the company's total capacity to 300 MW and help create a greener future.

Chile has it's first utility-scale battery storage facility with Innergex's 50MW/250MWh Salvador battery facility. With daytime energy storage & peak pricing, it will benefit from capacity payments & generate US$8.2m (CAN$11.4m) in its first full yr. Financed via green bonds in 2022.

Aspen Power completes Construction of 14 Solar Projects in Georgia--49.4 MW DC added to Georgia's energy portfolio. Inman Solar's engineering, procurement and construction services help provide long-term power purchase agreements to Georgia Power, adding to Aspen Power's total of 43 facilities and 140 MW DC.

Octopus Energy Generation has invested in two clean energy developers to develop over 100 solar projects and 250MW capacity. Solar projects will be installed on rooftops and businesses sites with no upfront costs, reducing fossil fuel dependency and providing cheaper, cleaner energy to businesses.

The Scottish solar energy industry has welcomed the Scottish Government's commitment to significantly increase renewable energy generation by 2030. This increased ambition will lead to more jobs, lower emissions, and lower cost of living.

Green Genius & Citadele Bank join forces to power Svyturys-Utenos alus brewery - 100% Renewable Energy. A 6.9 million euro financing agreement to install solar power plants & energy-as-a-service solution to meet electricity needs. 2.6 million euro funded by European Climate, Infrastructure & Environment Executive Agency.

Enfinity Global Inc. sells 40% stake in 400-MW solar portfolio to Kyushu Electric Power Company. 28 solar power plants across US states California, North Carolina and Idaho part of the deal, Enfinity retains majority interest and long-term asset management. Part of Enfinity's strategy to expand in the US, $316.2 million secured from asset manager, PPA with Italian utility.

Societe Generale SA provides financing for 21MWp solar portfolio across mainland France & overseas territories. 17 projects to generate 18GWh of electricity a year, with one project supplied by corporate PPA. Construction begins 2020, ending 2024.

Green Genius set to receive USD10m to develop solar power projects in Romania. INVL's Renewable Energy Fund to contribute EUR52.9m to the effort of 500MW solar farms in 2025. Get the full story on Green Genius' ambitious energy project.

Masdar, owned by Abu Dhabi government, signs agreements to construct 1GW solar & wind power capacity in Azerbaijan. Garadagh Solar Park is now inaugurated, producing enough electricity to power 110,000 homes. Masdar plans to double capacity this year aiming for 100GW of gross capacity to aid UAE's net zero carbon emissions by 2050. Adnoc expands presence in Azerbaijan with 30% equity in Absheron natural gas field.

Husk Power Systems raises $103 million to expand their award-winning mini-grids to India, Nigeria, DRC, and other African countries. Solar and battery mini-grids will bring affordable, reliable power to households and small businesses. STOA Infra & Energy SAS leads investment round.

Discover how the Inflation Reduction Act (IRA) influenced the US photovoltaic market in the past year, including significant cost reductions for residential systems and benchmarking of Community Solar. Get the new bottom-up PV and storage cost model from NREL and the Department of Energy.