Solar Markets & Finance News

Trade bodies from the solar as well as wind industries have actually united to drive renewable energy financing for African nations.

US President Joe Biden has actually introduced a series of efforts to spur domestic solar PV manufacturing and also reusing with US$ 56 million in new financing.

Spain will introduce a windfall tax on power firms and banks from following year to fund steps designed to assist Spaniards handle soaring inflation.

Business financing in the global solar market in the very first fifty percent of 2022 was down 11% year-on-year as task went down especially throughout Q2, according to study from Mercom Capital Group.

United States community solar owner-operator Summit Ridge Energy has secured a US$ 175 million investment from private equity firm Apollo Global Administration.

European power purchase agreement (PPA) prices have actually risen by a "staggering" 47% year-on-year as the continent's energy crisis lingers with skyrocketing rising cost of living, LevelTen Energy has said.

Solar PV costs continued to decline internationally in 2021 as supply chain challenges and also climbing product costs have yet to show their complete effect on project expenses.

Consulting as well as engineering renewables TRC Companies has actually gotten solar PV and storage space engineering company Blue Oak Energy, strengthening its renewable energy capabilities.

A subsidiary of India's Tata Power Co Ltd (BOM:500400) has gotten a letter of award from Solar Energy Corporation of India (SECI) to build a 600-MW wind-and-solar plant in the state of Karnataka.

German investment firm Union Investment Real Estate GmbH will procure a total of 75 GWh of electricity from three solar parks in Lower Saxony to power its fund properties.

An initial financing of $100 million is introduced in the partnership. The two firms will certainly release solar and solar plus storage projects in Massachusetts and also New England region of the U.S.A..

By the end of 2023, Summit Ridge expects to have more than 500 MW of solar and also 100 MWh of battery storage space projects on-line supplying energy savings to roughly 175,000 household as well as commercial customers. Earlier, Apollo released its Sustainable Investing Platform, which is looking to deploy $50 billion in clean energy and also climate capital over the following five years.

Wartsila, a Finland-based technology firm, has signed an agreement with Clearway Energy Group. Wartsila will certainly provide energy storage devices amounting to a 500-megawatt (MWac)/ 2-gigawatt hour (GWh) portfolio.

Spain will present a windfall tax on power companies as well as financial institutions from next year to fund measures made to assist Spaniards manage rising inflation.

A subsidiary of Canadian renewable resource investor Brookfield Renewable has actually suggested a 161MW/644MWh battery storage system to complete in an Ontario grid operator Request for Proposals (RfP).