Solar Markets & Finance News

INVL Renewable Energy Fund I has raised EUR 4.5 million in its maiden public bond sale in Lithuania, attracting 250+ investors with an interest rate of 10% and a two year maturity. The proceeds will go towards solar projects in Poland and Romania, estimated to cost up to EUR 350 million.

Scout Clean Energy has signed a 209-MW Power Purchase Agreement (PPA) to supply solar energy to Colgate-Palmolive Co. Markum solar park will provide electricity for 32,200 homes in Texas, with construction beginning in the fall and operations starting in 2021. This PPA fulfills Colgate-Palmolive's goal of 100% renewable energy globally by 2030.

Orsted and Terra Solar join forces to develop 400 MW of solar projects in Ireland, providing green energy for 90,000 homes and bringing Orsted's total Irish solar pipeline to 600 MW. Completion of the projects is projected before 2030. Part of Ireland's Climate Action Plan.

Soltec Power Holdings SA, a Spanish solar energy specialist, has announced a deal to supply 2,816 solar trackers for 4 solar parks in Brazil. The parks will generate clean electricity for 13,600 households. Delivery starts July 2021.

Discover how Brazil has experienced rapid solar growth since 2018, driving record-low prices and the launch of Aneel's first renewable energy auction with only solar projects.

Samsung C&T and Sunraycer Renewables partner to develop and permit a 3GW portfolio of solar and energy storage projects in Southern Texas, set to be energised between 2025-2026. Explore upcoming ventures in the US renewables market.

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.