Solar Markets & Finance News

Azure Power is on track to increase its operating solar capability by at the very least a 3rd this fiscal year adhering to a first quarter that saw the independent power manufacturer (IPP) return to success.

Blackfinch Renewable European Income Trust (BRET) has actually introduced its intent to raise up to ₤ 300 million (US$ 412 million) by means of a float to buy renewable resource projects throughout Europe.

The Australian state of Victoria has launched its second Victorian Renewable Energy Target (VRET) auction for 600MW of energy projects, which will include strengthened network demands to ensure projects can be easily linked to Australia's grid.

German renewables business BayWa r.e. AG announced that it has actually sold its 64.6-MWp Witnica solar farm in Poland to Ireland-based independent power manufacturer Alternus Energy Group Plc (OSE: ALT).

SB Energy, a renewables platform of Japanese empire SoftBank Group Corp (TYO:9984), has signed a long-term power acquisition agreement (PPA) with a subsidiary of fellow-Japanese trader Mitsui & Co Ltd (TYO:8031), protecting an off-taker for a part of the 418-MWp Juno solar farm in Texas.

Accelerating release of utility-scale solar as well as wind means much of Australia can have adequate eco-friendly generation to fulfill 100% of consumer demand at specific times of the day by 2025.

Solar developer ReneSolar Power nearly doubled its gross profit in Q2 2021 compared to Q1 as well as has actually improved its business forecast for the remainder of the year hereafter quarter's results exceeded analyst assumptions.

LONGi Solar recorded a 21% leap in net profit in the first fifty percent of the year despite what it referred to as a "moderate" adjustment to capacity utilisation rates following market demand.

Polish solar project developer R.Power announced on Tuesday it has gotten a 59-MWp portfolio of solar projects in Portugal and also is looking for brand-new financial investments in the Iberian country.

German engineering, procurement and construction (EPC) company Pfalzsolar GmbH has signed its very first power purchase arrangement (PPA) to supply electrical energy from the Dankmarshausen solar park to its parent company, power provider Pfalzwerke AG.

Investment in projects in Santarem, Portalegre as well as Castelo Branco valued at EUR35.4 m.

Roof Solar push in the North East is welcome, as a small yet considerable method to develop use cases and also energy accessibility in the area. With reduced power need, and also Hydro power playing a key function in power supplies to the region, the area can press to be one hundred percent renewable energy driven with the appropriate policy setting.

South African power utility Eskom Holdings SOC Ltd. is preparing to spend 106 billion rand, or $7.2 billion, in wind as well as solar energy by the end of the decade. Eskom, which makes up two-fifths of the nation's greenhouse gas outcome, may execute its strategy either individually or through a collaboration.

A four-month-long public discussion will quickly be released with regard to a 1-GW solar project that is being established by French power companies Engie SA (EPA: ENGI) as well as Neoen SA (EPA: NEOEN).

A partnership between Spanish PV professional Gran Solar as well as French independent power producer Total Eren has actually been granted a 25-year concession in Ecuador's tender for the building and procedure of the Conolophus solar-plus-storage system on the Galapagos Islands, the Ecuadorian ministry of energy and also non-renewable natural resources announced on Sunday.