Solar Markets & Finance News

First Solar is advocating for trade enforcement as module prices reach record lows. Biden's duties on Chinese imports and US Inflation Reduction Act's new incentives could help strengthen US solar manufacturing. First Solar calls for a level playing field for fair competition.

Maxeon Solar Technologies announces purchase of SolarCA including their dealer channel operations and patent portfolio. This acquisition enables Maxeon to market their IBC solar panels in the US with a comprehensive nationwide dealer channel. Transaction to close 3rd quarter 2019.

Xylem and Lorentz partner to bring solar-powered and solar/grid hybrid pumping solutions to global customers, enabling water managers to meet decarbonisation goals while reducing costs. Not available in Australia.

CNGR Advanced Material and Al Mada have announced plans to set up a $2 billion industrial hub in Morocco for EV battery production with an annual capacity of 1 million vehicles. Strategic initiatives by Huayou & Gotion High-Tech result in a combined $26.3 billion investment in Morocco's automotive sector.

Enfinity Global has recently acquired solar assets in Colorado, producing enough to power 57,000 US households. $380 million raised to continue renewable energy development.

Yotta Energy closed an USD-8-million fundraising round to expand its solar power and energy storage solutions, led by Evergy Ventures and strategic investors BlueScope, Cricetus Felix Ventures, Copec WIND Ventures and EDP Ventures. Funds to expand manufacturing and deploy battery technology. Yotta Energy solutions incorporate solar, energy and EV charging technology into commercial buildings.

TotalEnergies is providing Saint-Gobain with clean energy from 100 MW of its 400 MW solar project in Texas, reducing emissions by 90,000 tonnes annually. This is the third PPA for Saint-Gobain in North America, helping reach its goal of carbon neutrality by 2050.

EDF Renewables UK expands its commercial and industrial presence with the acquisition of SAS Energy, a British solar installer. SAS Energy owns a portfolio of 45 projects in development and under construction, and EDF will now offer financed and capital-funded projects in the solar, electric vehicle, and battery storage sectors.

INVL Renewable Energy Fund I has raised EUR 4.5 million in its maiden public bond sale in Lithuania, attracting 250+ investors with an interest rate of 10% and a two year maturity. The proceeds will go towards solar projects in Poland and Romania, estimated to cost up to EUR 350 million.

Scout Clean Energy has signed a 209-MW Power Purchase Agreement (PPA) to supply solar energy to Colgate-Palmolive Co. Markum solar park will provide electricity for 32,200 homes in Texas, with construction beginning in the fall and operations starting in 2021. This PPA fulfills Colgate-Palmolive's goal of 100% renewable energy globally by 2030.

Orsted and Terra Solar join forces to develop 400 MW of solar projects in Ireland, providing green energy for 90,000 homes and bringing Orsted's total Irish solar pipeline to 600 MW. Completion of the projects is projected before 2030. Part of Ireland's Climate Action Plan.

Soltec Power Holdings SA, a Spanish solar energy specialist, has announced a deal to supply 2,816 solar trackers for 4 solar parks in Brazil. The parks will generate clean electricity for 13,600 households. Delivery starts July 2021.

Discover how Brazil has experienced rapid solar growth since 2018, driving record-low prices and the launch of Aneel's first renewable energy auction with only solar projects.

Samsung C&T and Sunraycer Renewables partner to develop and permit a 3GW portfolio of solar and energy storage projects in Southern Texas, set to be energised between 2025-2026. Explore upcoming ventures in the US renewables market.

Atrato Onsite Energy plc has acquired a 34-MW portfolio of rooftop solar systems in England and Wales for GBP 77.3 million. The contracts are expected to produce 681 GWh of electricity and have very low exposure to wholesale power prices. Demand for residential solar is increasing due to EPC regulations.