Solar Markets & Finance News

Spanish renewable power manufacturer Opdenergy Holding SA has secured EUR 50 million (USD 53.6 m) in debt financing to back the advancement of solar projects in your home and also in the United States.

A battle over the best size for a key part utilized to harness the sun's energy may determine which company has the edge in a $200 billion industry.

Portugal-based renewable resource producer GreenVolt has gotten a 65.2 million euro ($69.7 million) syndicated loan to finance the acquisition of a 45 MWp solar park in Romania, the loan providers announced on Thursday.

Greenbacker Development Opportunities Fund I LP, a middle-market private equity fund managed by Greenbacker Capital Management LLC, has made a financial investment of an undisclosed amount in commercial solar and storage space platform Sunrock Distributed Generation.

SPIC Brasil, the neighborhood device of China's State Power Investment Corporation (SPIC), has gotten a 70% risk in two solar projects with an incorporated capacity of 738 MWp from Canadian Solar Inc (NASDAQ: CSIQ).

Photovoltaic (PV) inverters maker SMA Solar Technology AG (ETR: S92) is planning to construct a new gigawatt factory and increase the production capacity at its German headquarters to virtually 40 GW by 2024 amid projections for growth in the green power sector.

ReNew Power has signed conclusive arrangements to acquire an operating wind as well as solar portfolio of regarding 528 MW. Deals see the Company's gross overall portfolio jump over 25% to 12.8 GW from 10.2 GW at the beginning of 2022. In April, the firm included close to 2 GW to its portfolio.

Suzuki began procuring electricity from a 17.6-megawatt solar-wind hybrid facility run by ReNew Power, constructed exclusively for the car manufacturer, in May.

Atrato Onsite Energy (ROOF) has actually spent ₤ 6.6 million right into a rooftop solar PV system located atop what it said is a major Marks & Spencer (M&S) warehouse.

The projects will provide electricity to the Doba Oil Project and also the towns of Moundou as well as Doba in Southern Chad, and also the capital city, N'Djamena. Savannah Energy claimed it looks to fund the renewable projects from a combination of its own inside created cash flows as well as project particular debt.

Polysilicon producer Daqo New Energy has actually launched a US$ 120 million share buyback scheme after seeing its cash reserves swell.

The US Department of Energy has launched a brand-new cooperation project focused on making it more affordable and quicker to connect renewables projects to the country's grid.

European Union (EU) member states are preparing a surge in renewables to change fossil-fired generation as COVID-19, soaring gas rates as well as Russia's war in Ukraine taxed nations to relocate in the direction of cleaner and also less expensive sources of power.

Rallies are set to be kept in San Francisco and also Los Angeles as the California Public Utilities Commission (CPUC) meets to discuss controversial net metering proposals for the state.

Rents and also fees for releasing solar as well as wind on United States federal lands are readied to be substantially decreased as part of a new policy from the Biden management focused on enhancing rate predictability for programmers.