Solar Markets & Finance News

French-Italian semiconductor producing firm STMicroelectronics has actually announced that its Bouskoura site in Morocco will certainly obtain 50% of its energy from renewable resources by 2022 compared to 1% in 2020, as part of its activity strategy to accomplish carbon-neutrality by 2027.

US independent power producer Soltage LLC has actually protected a USD-130-million (EUR 176.4 m) debt center led by Silicon Valley Bank to fund a portfolio of solar projects throughout six states.

Community Choice Aggregators (CCA) Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE) have actually authorized contracts for 778MW of renewable resource generation and also 118.75 MW of energy storage in California.

Canadian Solar has closed a BRL500 million (US$ 100 million) funding center to create a Brazilian solar portfolio claimed to be the nation's biggest, while also offering it the alternative to hold constructed solar possessions for longer.

Greek industrial group Mytilineos recorded an internet revenue of EUR77 million (US$ 91 million) in H1 2021, nonetheless the company's renewables department witnessed a drop in income year-on-year.

The Q2 numbers are a record for topline in addition to net income for Tesla, easily defeating estimates. The firm's change to LFP chemistry for some storage space products will be closely watched.

The order demonstrates the need for as well as acceptance of India made modules in the US and also various other industrialized markets. Waaree has some major development intends too.

The speed of environment action in the US is "completely undesirable", according to the director of the United States Department of Energy's (DOE) Loan Programme Office, Jigar Shah.

US utility titan NextEra Energy included 1.84 GW of renewables and energy storage projects to its backlog in Q2 2021, however its Energy Resources division reported a financial loss of US$ 315 million.

Oil and also gas giant Eni has actually obtained 1.2 GW of Spanish renewables from Madrid-based European private equity manager Azora.

United States domestic solar and also battery storage firm Sunnova Energy International Inc (NYSE: NOVA) recently valued a USD-212-million (EUR 180m) securitisation of residential solar and also battery loan plans.

Spanish solar developer as well as operator X-Elio has closed a USD-44.1-million (EUR 37.5 m) funding arrangement for its 119-MW Perote II solar photovoltaic (PV) project in Mexico.

Italy's Enel SpA (BIT: ENEL) revealed recently that its subsidiary Enel Energia has inked a ten-year company power purchase contract (PPA) to provide 160 GWh of solar electricity each year to local grocery store chain PAM Panorama.

Meyer Burger Technology AG (SWX: MBTN) is thinking about lawful options to impose its right after its perovskite solar cells manufacturing companion Oxford Photovoltaics Ltd terminated an existing cooperation contract between both "for own strategic factors".

R Power secures EUR53m funding from BNP Paribas Bank Polska and also Santander Bank Polska for seven projects