Solar Markets & Finance News

Greek energy company Mytilineos secures financing for 588MWp solar portfolio in Chile, with DNV's advisory role playing a crucial part in achieving this milestone. The projects are expected to generate 1.6TWh of green electricity annually and reduce over 1 million tonnes of CO2 emissions each year. Enel Chile commits to purchasing most of the power produced through 10-year power purchase agreements.

Ginlong (Solis), the world's third-largest PV inverter manufacturer, secures improved bankability position in the 2023 BNEF Inverter Bankability Survey, reflecting growing confidence in the brand among global solar industry players.

Octopus Renewables Infrastructure Trust (ORIT) expands its renewable energy portfolio with the acquisition of four solar farms in Dublin, Ireland, bringing its total capacity to 735MW. Microsoft commits to a 15-year Power Purchase Agreement for the electricity generated. ORIT also plans to invest in offshore wind with a £3 billion fund.

India's booming solar industry faces concerns over forced labor in Chinese components, as US ban creates opportunity for Indian producers to expand market share.

Danish renewable energy company Better Energy secures funding from Jyske Bank for 200-MWp solar parks, powering 131,000 Danes. Collaboration with Industriens Pension continues to expand.

Greek power utility PPC SA's renewables arm secures debt financing for a 550 MW solar project in Western Macedonia. The Phoibe project aims to generate 1 TWh of electricity annually, powering 200,000 homes.

Altus Power secures an 84 MW solar portfolio, expanding its client base and funding facility to further support commercial solar assets.

Vesper Energy's $590m debt financing deal for the Hornet solar project in Texas will generate enough electricity to power 160,000 homes annually, stabilizing the grid and reducing price volatility.

Ditrolic Energy secures funding to develop 1GW of solar projects in Asia-Pacific. The investment will support the growth of their clean energy solution, EnerLoop, and establish Malaysia as a central investment hub.

Global clean-energy spending hits record high of $1.8 trillion, but more investment is needed to achieve net-zero emissions. China leads, but US, UK, and Europe show promising growth in renewable energy and electric vehicles.

EOS Investment Management Group strengthens its position in the Italian clean energy sector with the acquisition of six solar greenfield projects, supporting eco-friendly power generation and biodiversity protection.

Trilantic Europe takes majority stake in Aerocompact Group, boosting international growth and potential acquisitions. Founder Mathias Muther retains 40% ownership. Approval pending.

The US Department of Energy is investing $254 million to decarbonize manufacturing, supporting 49 projects across 21 states. This funding aims to advance next-gen technologies and reduce emissions in key industrial sectors.

Adani Green Energy secures funding to redeem $750 million bond, improving access to offshore financing and strengthening its balance sheet. Shares in Adani Enterprises also gain momentum.

First Solar expands its manufacturing footprint in Ohio with a new distribution center, aiming to achieve 14 GW of US solar manufacturing capacity by 2026.