Solar Markets & Finance News

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.

EliTe Solar, formerly ET Solar, is a Chinese solar panel company operating a 3.5 GW manufacturing plant in Vietnam and Cambodia and a US-based sales division. Constructing a 5-GW silicon ingot and wafer manufacturing facility, EliTe Solar is dedicated to providing customers with high quality solar products and services.

Acwa Power Co. is expanding to China and other Asian markets in 2022, focusing on desalinization, power plants and renewable energy. The move is part of the company's global expansion and carbon emission neutralization plans. CEO Marco Piero Arcelli, appointed in 2021, is driving the firm's ambitions to also build partnerships and establish operations in Europe and Saudi Arabia.

Octopus Investments Australia raises AUD 250 million for its renewable energy fund, OASIS. With contributions from Hostplus, CEFC and Sky Renewables, plus a new investor Rest, total funds raised now stand at AUD 550 million. Octopus manages a platform of assets worth AUD 1 billion.

Encavis AG expands its Spanish solar portfolio to 583 MW with the acquisition of a 28-MW solar park project in Castile and Leon. Completion of the project will generate 50 GWh of electricity annually for large industrial clients. Encavis plans to reach 8GW of European wind and solar assets by 2027.

Qualitas Energy has completed a €280m refinancing operation on the 500MW Mula photovoltaic solar plant in Spain. BBVA, EDC, DekaBank, Unicaja and Bankinter participate in the "Green Loan Principles" classified loan. Qualitas is a leader in renewable energy investment and management since 2006.

Octopus Australia and Indigenous groups sign agreement to co-own renewable energy projects, estimated to be worth up to AUD 1 billion. Agreement includes revenue sharing, co-ownership and skills training to reduce Australia's carbon footprint and provide employment opportunities.

ACEN and its partner agree to invest up to USD 100 million in a new joint venture. Read on to find out more about the exciting collaboration.

Latin America is becoming a key market for solar power. Sungrow, a leading inverter and energy storage system supplier, has achieved 15 GW of orders, largely driven by Brazil. The Company has introduced several innovations and is looking to capitalize on the expected upward trend in the region.

EiDF acquires 238 MWp of solar projects in northern Spain, including two large-scale projects with an EIS in place. Commitment to smaller-scale projects remains for commercial and industrial customers.