Solar Markets & Finance News

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.

Wight Community Energy has actually been awarded ₤ 68,250 to establish a number of renewable resource projects consisting of work on the Homestead solar farm at Shalfleet.

Tesco has a new collaboration with renewable resource investor Low Carbon to create 3 new solar ranches as it seeks to 'play its component' in decarbonisation.

German BayWa AG reports incomes prior to rate of interest and also tax obligations (EBIT) of EUR102.7 million ($ 121 million) for the first nine months of this year, a significant increase on the previous year's number of EUR77.3 million.

India's government has actually agreed on a financing bundle that consists of INR45 billion (US$ 603 million) of financial investment over 5 years to support the domestic growth of high-efficiency PV modules.

Joe Biden's win in the governmental election is bullish for different energy stocks. The Biden-Harris campaign has promised to boost solar infiltration, including 8 million home solar setups.

Cypress Creek Renewables has closed a seven-year financial obligation funding for the holding business that owns its 1.6 GW portfolio of operating solar projects.

The brand-new joint venture will certainly focus on renewable energy projects