Solar Markets & Finance News

Atrato Onsite Energy plc has acquired a 34-MW portfolio of rooftop solar systems in England and Wales for GBP 77.3 million. The contracts are expected to produce 681 GWh of electricity and have very low exposure to wholesale power prices. Demand for residential solar is increasing due to EPC regulations.

Waaree Energies Ltd. has been awarded an LOI for the construction of a 52.6MW photovoltaic project in India. EPC services to be completed before 2023/2024 fiscal year. Waaree Energies recently raised INR 10 billion to support 6GW capacity expansion. Company has 12GW in India producing solar ingots, wafers, cells, and modules.

Wärtsilä partners with EVE Energy to supply 3.5GW of battery energy storage systems to key markets, promoting a stable and efficient energy supply and increasing renewable energy integration. EVE Energy plans to enhance its global service capabilities to support this industry-wide goal.

First Solar secures 2GW order from Longroad Energy for thin-film PV modules, increasing total purchase to near 8GW. Longroad Energy Co-Founder & COO shares values & vision for sustainable energy future and First Solar sets up fifth factory in Louisiana.

Dimension Renewable has secured financing of USD 237 million to construct 28 distributed generation solar projects across the US. The projects, with a total capacity of 120-MW DC, will provide power to over 12,000 households, with more than half being low-to-moderate income households, by 2021.

Perennial Renewables LLC is a joint venture between Sumitomo Corporation of Americas and Advantage Capital. The company is developing 2 GW of solar photovoltaic projects in the Midwest and Northeastern US, with operations by 2024. Additionally, plans to add new renewable energy projects are underway to help Sumitomo achieve 5 GW of renewable energy assets by 2030.

Jakson Solar, an Indian module manufacturer, has formed a strategic partnership with Ariel Re, a Lloyd's of London Syndicate, to provide product & performance warranties. Jakson's fully automated facility has a 1.2GW capacity, with plans to expand to 2.5GW by 2024. See them at RE+ Event in Las Vegas, USA.

GreenYellow, the renewable energy specialist of Casino Group, to bring engineering, procurement, construction and O&M services to solar farms. Unlock clean energy with GreenYellow.

Tata Power Renewable Energy Limited has been granted USD 425 million by the US International Development Finance Corporation for building a 4.3-GW solar cell and module manufacturing plant in Tamil Nadu. This project will create 2,000 jobs and module production is expected to start in 2020. India's renewable energy goals will be boosted by this facility. Tata Power currently has a 7.8 GW renewable energy portfolio.

GreenGo Energy and Encavis AG have partnered to provide 500MW of solar energy to the German market. Their success in Denmark has resulted in a 1.1GW total project portfolio, and the companies plan to expand their operations in Germany.

Redeux Energy Partners LLC is offering 1.7 GW DC of solar and 160 MW/640 MWh of battery energy storage projects in 7 US states for sale. Marathon Capital LLC is advising and reaching out to IPPs, strategics and financiers in clean energy. Redeux is currently operating in 15 states with 3.5-GW pipeline of projects and aims to expand to 5 GW by 2023.

Igneo Infrastructure Partners has acquired a majority stake in US renewable power producer Soltage LLC, enabling the expansion of its 1.9-GW pipeline of solar and storage projects. Prudential Private Capital has sold its equity interest with Co-founder and CEO Jesse Grossman and the management team retaining shareholdings.

Keppel MET Renewables has acquired a 38-MW solar PV project in Italy. The project is expected to be operational in 2026, adding to KMR's 200-MW renewable portfolio. KMR is aiming for 2 GW of installed capacity by 2026 and expanding its reach to other EU countries.

African President William Ruto is pushing for African nations to use sun, wind, and green mineral sources to combat global warming. He urges reform to fund climate efforts & low-carbon development. Other African nations struggle with fossil fuel dependence, looking for climate friendly industrialization supported by Europe & the rest of the world. Africa hopes to decarbonize the global economy.

Revive and upgrade an old plant in Quebec with C$750 million, partly funded by the Canadian and Quebec governments. Production has capacity for 2.5 million electric vehicle batteries and is expected to begin in 2026. Solus Advanced Materials Co. unit Volta Energy Solutions leading the project.