Solar Markets & Finance News

Portugal's Competition Authority (AdC) has accepted a relocation by Portuguese renewables firm Greenvolt - Energias Renovaveis SA (ELI: GVOLT) to acquire a 70% stake in residential solar and energy efficiency project designer Profit Power.

Chinese solar glass maker Xinyi Solar Holdings Ltd (HKG:0968) introduced that it has entered into a contract to sell its items to Longi Solar Technology.

Special-purpose acquisition company (SPAC) CBRE Acquisition Holdings (CBHA) has actually filed Form S-4 with the US Securities as well as Exchange Commission (SEC) regarding its merger with solar developer Atlas Power.

Canadian Solar reported record quarterly revenue in Q2 2021, buoyed by a go back to make money from its manufacturing division, yet decreased its complete delivery support for the year in the middle of continued sector headwinds.

France's energy regulatory authority CRE has actually released a series of tenders for solar photovoltaic (PV), onshore wind and hydropower capability as part of a new procurement scheme laid out in its multi-year power strategy.

US solar tracker service provider Array Technologies slid to a loss in the second quarter of 2021, but has altered business procedures in order to reduce its direct exposure to future rises in product and also delivery expenses.

French renewable energy company Neoen SA (EPA: NEOEN) and its Dublin-based peer BNRG Renewables Ltd have actually wrapped up financing for 58 MWp of solar projects in Ireland, the partners announced on Thursday.

Northeast-based solar contractor Nexamp is expanding its organization focus to consist of utility-scale solar development. The company, which currently operates thousands of community solar tasks throughout the nation, will supplies its know-how in project development, land management, design as well as building and construction, power advertising and marketing and also possession management to the brand-new market.

SMA Solar Technology saw inverter sales decline in the first half of 2021 as well as warned of potential distribution capability restrictions in H2 due to the ongoing strained supply of digital elements.

This newest capital injection follows the company's $1 million seed round in July 2020, the honor of a $704k 'Accelerating Commercialisation' Grant by the Australian Federal Government in November 2020, as well as Sicona's involvement in the prestigious Startmate accelerator in its Summer 2021 climate technology mate. The financing round was led by worldwide endeavor company Artesian as well as US-based Riverstone Ventures, an associate of Riverstone Holdings.

Properties bought from Helia Renovables consist of onshore wind and solar

The two acquisitions include a 99MW hydropower project in Uttarakhand, and a 260 MW/330MWp solar projects in Telangana The firm remains to construct its possessions pipe, with key success already under its belt from solar tenders in 2021.

The Caribbean's leader in renewable energy, Jamaica, is wanting to procure 320MW of renewables this year as part of plans to diversify its energy market.

Energea Global, a renewable resource financial investment supervisor, has actually introduced a US$ 27 million deal with BTG Pactual to construct a portfolio of solar projects in Brazil.

The US Senate has passed the landmark bipartisan infrastructure bill, paving the way for US$ 1.2 trillion of investment into the country's infrastructure.