Solar Markets & Finance News

Ence Energia, the renewable resource system of Spanish pulp manufacturer as well as energy group Ence - Energia y Celulosa SA (BME: ENC), has actually been relabelled to Magnon Green Energy, the group revealed on Wednesday.

Canadian independent power producer (IPP) Switch Power Corporation has consented to market its 50% stake in a vehicle that owns 4 solar PV projects with an integrated capacity of 75 MW (AC) in Alberta, Canada.

France should take "radical and also immediate measures" to transform its power system and also rapidly accelerate solar deployment, the country's PV trade association has actually said.

In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.

Commerce Department to make a decision by March 25 on investigation California company alleges Chinese suppliers skirt tariffs

The solar power park project will certainly be developed by TUSCO in Uttar Pradesh. Last year, the IFC had made a crucial financial investment of $126 million in the Federal Band-- a private sector bank-- in India for the development and development climate pleasant projects

Investment fund STOA has actually purchased a 33% interest in the SSM1 & 2 project in Rio Grande do Norte

The Indian Government has actually accepted the investment and also the bargain will certainly come at a rate of $34.6 million. ThomasLloyd thinks that it has scope to increase capacity over of 1GW of grid-connected solar in the Indian market.

Inverter major GoodWe, which has been a particularly solid player in the residential and commercial rooftop segment up until recently, when it increased offerings to the utility section also, has actually gone across the 1.5 GW milestone in India.

Russia's intrusion of Ukraine implies that ensuring security of energy supply via the expansion of renewables ought to be a priority for policymakers, according to the CEO of German utility RWE.

US-headquartered solar tracker manufacturer FTC Solar said it was "on the cusp of profitability" after its revenue for Q4 2021 came in above the luxury of its recently downgraded support. It likewise revealed it had actually entered a contract to acquire Chinese tracker company HX Tracker.

French renewable power manufacturer Voltalia SA (EPA: VLTSA) has offloaded a 33% equity stake in the 320-MW Solar Serra do Mel 1 & 2 (SSM1 & 2) photovoltaic (PV) project in Brazil to mutual fund STOA.

Singapore-based solar cell as well as panel manufacturer Maxeon Solar Technologies Ltd (NASDAQ: MAXN) has actually gotten a contract for the supply of approximately 315 MW of solar (PV) modules to US solar energy producer Cypress Creek Renewables.

ThomasLloyd Energy Impact Trust Plc (LON: TLEI) has actually received clearance from the Indian government to get a 43% stake in SolarArise India Projects Pvt Ltd for USD 34.6 million (EUR 31.5 m).

Renewables can get to a share of 65% in global primary energy by 2050 under the greenest scenario in BP plc's (LON: BP) Energy Outlook 2022.