Solar Markets & Finance News

Swedish Company Exeger Raises USD 38 Million in Debt Funding

Sweden's Exeger announced today that it has actually safeguarded USD 20 million in debt financing from Swedbank and Swedish Export Credit Corporation (SEK).

May 13, 2021 // Markets & Finance News, Sweden, Europe, Exeger, Giovanni Fili, EKN, Ilija Batljan Invest AB, Powerfoyle, SEK, Swedbank

Array Technologies withdraws 2021 assistance among 'unmatched' increase in products, logistics costs

Array Technologies has withdrawn its support for 2021 after experiencing "unprecedented" rises in material as well as logistics expenses which severely impacted revenues in the initial quarter.

May 13, 2021 // Markets & Finance News, Array Technologies, Jim Fusaro, freight, logistics, steel costs

SMA lifted by greater margins as sales slip in Q1 2021

Inverter vendor SMA Solar reported a fall in sales throughout Q1 2021, yet cited the political landscape in the United States and Europe as being "incredibly encouraging" in the long term.

May 12, 2021 // Manufacturing News, Markets & Finance News, Inverters, solar plus storage, utility scale solar, distributed solar, Jürgen Reinert, inverter manufacturing, sma solar

Vector Renewables lands property monitoring job for 169-MW PV plant in Spain

Renewable resource seeking advice from firm Vector Renewables was chosen by Spanish investment supervisor Eranovum Energy to handle a 169-MW photovoltaic (PV) plant, presently unfinished in Spain.

May 12, 2021 // Markets & Finance News, Spain, Europe, PV Power Plant, Vector Renewables

5 Pick-and-Shovel Solar Supplies for the Green Energy Gold Rush

With a dynamic administration concentrated on climate modification, these 5 solar supplies could be worth a closer search for investors.

May 12, 2021 // Markets & Finance News, Enphase Energy, solaredge technologies, Daqo New Energy, CleanSpark, Generac Holdings

ACWA Power closes money for 100-MW CSP park in S Africa

Saudi renewables programmer ACWA Power has commenced building and construction of the 100-MW Redstone focusing solar power (CSP) plant in South Africa after attaining monetary close for the project.

May 12, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Africa, South Africa, ACWA Power, PV Power Plant

IEA upgrades renewables anticipate as solar PV continues to damage new records

The International Energy Agency (IEA) has stated it expects yearly solar PV additions worldwide to surpass 160GW by 2022, affirming the technology's placement as the "brand-new king" of worldwide electricity markets.

May 12, 2021 // Manufacturing News, Plants, Markets & Finance News, Policy, China, Asia, IEA, Fatih Birol, International Energy Agency, solar installations, install forecast

California PV-storage project inks offtake

DCE will purchase all of the energy created from the Deer Creek 50MW solar plus 200MWh battery project

May 11, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, California, USA, North America, Craig Carson, vesper energy, Desert Community Energy, DCE, PV-storage projec

Helios expands PV projects portfolio to 500MW

Swedish developer strategies to expand its advancement portfolio to over 1GW over the next year

May 11, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Sweden, Europe, helios, solar projects

Battery Company ESS to be Publicly Detailed; Value Expected to Cross $1 Bn

ESS Tech, a manufacturer of iron flow batteries has actually participated in a contract that will result in it becoming a publicly provided firm.

May 11, 2021 // Markets & Finance News, Storage, Lithium-ion batteries, ESS Publicly Listed, ESS Tech, Iron Flow Batteries, Eric Dresselhuys, Craig Evans

Etrion Sees $2.5 Million Net Loss in FY 2021

Switzerland based independent solar power producer, Etrion has recently launched its economic results for the very first quarter of 2021 (Q1 FY21) ended March 31, 2021.

May 11, 2021 // Markets & Finance News, Europe, Switzerland, Etrion, net loss, solar company

ACWA Power Achieves Financial Close on 100 MW CSP Plant in South Africa

ACWA Power has actually introduced the commencement of construction on the 100 MW Redstone CSP project complying with the success of financial close.

May 11, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Africa, South Africa, ACWA Power, Paddy Padmanathan, International, csp, solar projects, ACWA CSP

Total Eren Protects Funding for 100 MW Solar Project in Uzbekistan

Total Eren has actually successfully authorized the financing documentation for its solar photovoltaic project Tutly with 100 MWac ability in Uzbekistan

May 11, 2021 // Markets & Finance News, EBRD, Total Eren, Asia, finance, Uzbekistan, eib, International, Solar Project, Laurence Juin, Total Eren Solar Project

Up to EUR7 billion financial investment could be required to reach 20GW of solar module manufacturing capacity in Europe

Europe's solar technology experts may need up to EUR7 billion (US$ 8.51 billion) in capital investment in order to scale up domestic production to be around the world affordable, however continued assistance will be important to maintain the sector in the long-term.

May 11, 2021 // Manufacturing News, Markets & Finance News, Europe, wacker chemie, meyer burger, Soltec, baywa r.e., wacker, esg, Michael Schmela, SolarPower, Christian Westermeier

Solarpack struck by PV project growth hold-ups in Chile as well as India

Spain's Solarpack was impacted by pandemic-related project hold-ups in Chile during a first quarter, in which it saw its internet revenue reduce 95% year-on-year to EUR300,000 (US$ 365,000).

May 11, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Chile, South america, Asia, Solarpack, covid-19, company results

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