Solar Markets & Finance News

Octopus Energy Generation has invested in two clean energy developers to develop over 100 solar projects and 250MW capacity. Solar projects will be installed on rooftops and businesses sites with no upfront costs, reducing fossil fuel dependency and providing cheaper, cleaner energy to businesses.

The Scottish solar energy industry has welcomed the Scottish Government's commitment to significantly increase renewable energy generation by 2030. This increased ambition will lead to more jobs, lower emissions, and lower cost of living.

Green Genius & Citadele Bank join forces to power Svyturys-Utenos alus brewery - 100% Renewable Energy. A 6.9 million euro financing agreement to install solar power plants & energy-as-a-service solution to meet electricity needs. 2.6 million euro funded by European Climate, Infrastructure & Environment Executive Agency.

Enfinity Global Inc. sells 40% stake in 400-MW solar portfolio to Kyushu Electric Power Company. 28 solar power plants across US states California, North Carolina and Idaho part of the deal, Enfinity retains majority interest and long-term asset management. Part of Enfinity's strategy to expand in the US, $316.2 million secured from asset manager, PPA with Italian utility.

Societe Generale SA provides financing for 21MWp solar portfolio across mainland France & overseas territories. 17 projects to generate 18GWh of electricity a year, with one project supplied by corporate PPA. Construction begins 2020, ending 2024.

Green Genius set to receive USD10m to develop solar power projects in Romania. INVL's Renewable Energy Fund to contribute EUR52.9m to the effort of 500MW solar farms in 2025. Get the full story on Green Genius' ambitious energy project.

Masdar, owned by Abu Dhabi government, signs agreements to construct 1GW solar & wind power capacity in Azerbaijan. Garadagh Solar Park is now inaugurated, producing enough electricity to power 110,000 homes. Masdar plans to double capacity this year aiming for 100GW of gross capacity to aid UAE's net zero carbon emissions by 2050. Adnoc expands presence in Azerbaijan with 30% equity in Absheron natural gas field.

Husk Power Systems raises $103 million to expand their award-winning mini-grids to India, Nigeria, DRC, and other African countries. Solar and battery mini-grids will bring affordable, reliable power to households and small businesses. STOA Infra & Energy SAS leads investment round.

Discover how the Inflation Reduction Act (IRA) influenced the US photovoltaic market in the past year, including significant cost reductions for residential systems and benchmarking of Community Solar. Get the new bottom-up PV and storage cost model from NREL and the Department of Energy.

Help advance environmental justice - $500,000 is being donated to the American Solar Energy Society for a project on the Pine Ridge Reservation in South Dakota. This project will support small non-profits and create healthier, more resilient communities through solar energy applications.

Sonnedix acquires 416MWp solar PV portfolio in Chile from Enel Chile, producing green energy for over 530,000 homes and avoiding 460,000 metric tonnes of CO2 annually. Refinancing of Sonnedix's largest project in Chile funded by US$624m acquisition financing.

Neoen and Alight are excited to be working on the 100MWp Hultsfred solar farm in Sweden, which will provide 18,000 homes with renewable energy come 2025. H&M Group has even secured a long-term PPA to receive 95% of energy produced. Get ready for a greener future!

Servotech Power Systems files 2 patents for innovative energy management technologies to optimize grid service, channel renewable energy into BESS and develop EV charger rectifier units, paving the way to a sustainable energy future.

Discover how two states dramatically increased their solar power capacity by 70 MW. Get the details on this impressive success story!

Jakson Green's energy transformation platform is reshaping the future of clean energy. The new 40MW solar EPC deal from NTPC Ltd in Uttar Pradesh's Ayodhya district will generate 87 million kWh of electricity and offset 300,000 tonnes of CO2 emissions each year. Jakson Green has also been awarded 1GW of contracts to build renewable power plants for GCC and African projects in 2021.