Solar Markets & Finance News

Enphase Energy Inc. and SunPower Corp. join the list of rooftop solar companies hit by rising borrowing costs and decreased demand. Enphase announced 10% workforce reduction and closure of two factories while SunPower shares drop after a breach in credit agreement. Restructuring and asset impairment charges up to $18 million.

NextEnergy Capital has acquired their first US solar project in Florida, an impressive 100MW PV farm that will be equipped with the latest photovoltaic technology. The project is set to come online in the first half of 2025, propelling NextEnergy's fifth investment fund into the future.

Axpo Holding AG, a Swiss power producer, is aiming to revolutionize Italian energy production with 10 GW of solar PV capacity across Europe. Projects include a 3 MW facility supplying Novelis' factory in Lombardy and a 13 MW agrivoltaic park in Calabria. Get ready for a greener future in Italy!

Westbridge has sold its 230-MW Georgetown solar project to Mytilineos SA, marking the Greek industrial group's entry into the Canadian renewables market. The CAD 47.6 million deal marks the start of an agreement for the sale and purchase of a 1,410-MWdc portfolio.

X-Elio secures €35m from Bankinter to develop, operate and maintain three projects totaling 67 MW in Spain, furthering the company's commitment to addressing climate needs.

BCPG is selling its entire solar portfolio in Japan to Danish investor Obton, comprising 104MW of operational plants and 13MW of projects, valued at THB 10.38 billion. The deal is expected to close in the first quarter of 2021.

Shell Plc announces deal to reduce stakes in two renewable energy projects in the US – 182 MW wind repowering project & 180 MW solar park project. Asset management & offtake rights retained, with transactions finalized by 2024 & eligible for IRA tax credits.

China is dramatically changing its power system to boost battery profits and reduce solar payments. 20 provinces and regions have adopted electricity rate regimes that will likely affect solar's economic outlook. With improved economics, China is expected to triple energy storage installations this year. Meanwhile, Australia is pressing China to remove trade impediments concerning live lobster and red meat.

Coles Group Ltd (ASX:COL) is now sourcing 95% of Queensland's electricity demand from renewable resources - the 400-MW Western Downs solar park supplying enough energy to power 235,000 homes. Coles is committed to powering its outlets with 100% renewables by 2025.

Voltalia SA, the French renewable power producer, acquires a 55% stake in a 60-MW solar park in the Netherlands. Commissioned in March 2022, the Mosselbanken project is estimated to reduce 17,000 tonnes of carbon dioxide annually. Voltalia strengthens their Dutch presence with local offices in Amsterdam and Groningen.

Gurin Energy Pte Ltd reaches financial close on 75-MW solar project, set to provide clean energy to 35,500 homes in the Philippines beginning in 2024. Join the green energy trading corridor between Indonesia and Singapore with 2 GW of renewable energy.

Valorem and T&T Proenergy have joined forces to build a 300-MW portfolio of photovoltaic projects in Poland. Together they will drive green energy development and environmental responsibility, taking their first step towards a strong partnership.

Audax's amazing 1.3GW renewables portfolio - ready for the future, ready for you! Invest now and benefit from green energy solutions for years to come.

Renova Inc secures a 20-year power purchase agreement to provide electricity from 5 MW of solar photovoltaic plants to Toho Gas Co Ltd, with plans to expand total solar capacity. Construction starts in FY2024, and full operation expected by end of 2026.

MET Group: Supplying Italian internet exchange point MIX-IT with 100% renewable energy through a CPPA with Mirto Solarpark. Consulting firms Spinergy and Energethique facilitated the deal.