Solar Markets & Finance News

A United States development pipeline containing 3GW solar and also 2.5 GWh of energy storage space has altered hands as asset manager Magnetar Capital acquires the renewable energy company of Lendlease.

Solar perovskite start-up Evolar has actually sourced investment from Norwegian renewables investor Magnora as it targets rapid commercialisation of the technology.

Greater digitisation will be an essential enabler for the utility-scale solar market as it wants to release hundreds of gigawatts annually, Lightsource bp group COO Ann Davies has actually stated.

The US residential solar industry seems on track for a strong 4th quarter of the year as installers increase initiatives to reduce project backlogs.

The Australian state of Victoria has increased down on its rooftop solar as well as house battery aid programme as part of a drive to assist households cover the price of their power expenses while making residential or commercial properties more energy effective.

As we liquidate 2020, the solar sector prepares to enter its last scheduled year with tariffs on imported solar panels. The Trump administration repetitively stated the tariffs were enforced to re-energize U.S. solar manufacturing. As well as while we did get some significant capacity enhancements in 2019, market revitalization has actually petered out considering that.

Bluefield Solar Income Fund (BSIF) is looking to raise ₤ 45 million with a share positioning to repay its attracted rotating credit scores center, opening its purchase choices.

Within the next ten years, as much as 447,000 still working solar energy plants in Germany are intimidated with closure if the present draft law on the change of the German Renewable Energy Sources Act (EEG) is stuck to. According to a research study by EUPD Research in support of the solar and also storage market, "most of operators will certainly switch off their solar power systems as soon as they are no more eligible for aids after 20 years, as their continued operation will then no more pay".

A Western Australian renewable hydrogen center that will be powered by 5GW of solar PV and onshore wind has actually safeguarded the support of Danish investment company Copenhagen Infrastructure Partners (CIP).

Nucor Corporation announced that it has actually authorized a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 MWAC of brand-new solar power in Texas. The agreement, which will enable EDFR to add even more tidy energy to the area's power grid, is Nucor's first VPPA and the biggest of its kind for the steel sector.

Oxford Photovoltaics Germany GmbH is spending about EUR44 million ($52 million) in the development of its production center in Brandenburg an der Havel, Germany. The Brandenburg Ministry of Economics is supporting the development with EUR8.8 million ($10.4 million).

Downing Renewables & Infrastructure Trust (DORE) has actually released its Prospectus after describing plans to raise ₤ 200 million previously this month.

Spanish programmer Elawan Energy on Thursday claimed it has actually closed on EUR 92 million (USD 108.7 m) of project financing for a portfolio of solar projects with an integrated ability of 250 MW in Spain.

US renewable energy firm Ameresco Inc (NYSE: AMRC) on Thursday stated it has actually authorized a finance center of as much as USD 30 million (EUR 25m) to be utilized for the building of solar projects.

German solar design, procurement and also building (EPC) service provider Greencells has actually released a safeguarded environment-friendly bond worth EUR25 million, the proceeds of which will certainly be used to target a considerable EPC pipeline.