Solar Markets & Finance News

Nextracker is to be spun out from moms and dad business Flex after it safeguarded a US$ 500 million equity sale, valuing the business at around US$ 3 billion.

A brand-new policy in Italy that claws back the profits of solar PV projects will certainly weaken investor confidence and jeopardise the European Union's (EU) clean power transition, a group of profession associations, consisting of SolarPower Europe, has actually warned.

Luxembourg-based investment firm Quercus has picked Germany's BayWa r.e. to be its calculated financier in a portfolio of PV projects in Spain with a combined capacity of over 700 MW, the events announced in a joint statement on Thursday.

Argentine power manufacturer YPF Luz has actually issued environment-friendly bonds worth USD 63.9 million (EUR 56.4 m) to fund the building of its first solar project in the house, the business stated on Wednesday.

Programmer won the capacity in renewable resource public auctions in Poland in 2021

United States utility Georgia Power has set out strategies to obtain as much as 6GW of new renewable power by 2035, virtually increasing its existing capacity.

Solar is booming throughout Europe, generating 27% even more power last year than in 2019, according to brand-new analysis from power thinktank Ember.

Canada-headquartered solar supplier Heliene will provide approximately 250MW of its modules to commercial as well as industrial (C&I) PV developer Altus Power as part of a brand-new critical partnership in between the companies.

Utility company seeking projects of at the very least 20MW

Acquisition of 3 sites from Arevon Energy belongs to Sol Systems plan to scale up in the nation

Deal with West Holdings Corporation aims to create at least PV projects over the next 5 years

Asset manager agrees acquisition of development-phase Spanish projects

Of the total capacity awarded 89.2 MW will certainly be met by two new solar projects

Global non-residential solar operations and maintenance (O&M) spend is expected to strike US$ 15 billion by 2030. Yet brand-new study from global power consultancy Wood Mackenzie (Woodmac) shows that progressively affordable auction prices, combined with increasing work and also supply chain expenses, suggest solution vendors deal with difficulties to stay lucrative.

Energy Vault has actually announced a License and Royalty arrangement for renewable resource storage with Atlas Renewable and their bulk capitalist China Tianying, an international environmental management and waste removal company. The agreement sustains the implementation of Energy Vault's proprietary gravity energy storage modern technology and energy administration software program platform within mainland China as well as the Special Administrative Regions (SAR) of Hong Kong and Macau.