Solar Markets & Finance News

Iraq is tapping into solar power to resolve chronic electricity shortages and access clean energy. With over 70 buildings solarized since 2020, Iraq is leading the way in renewable energy and offering $750 million in zero-interest loans to further its cause.

Helleniq Energy has acquired a 26 MW solar portfolio in Cyprus, with 43 GWh of electricity per year to be commissioned in 2024. This is a big step towards their 1 GW renewable energy goal by 2025 and 2 GW by 2030. Now owning 40MW in Cyprus and 180 MW elsewhere, Helleniq Energy is positioning itself as a major renewable energy provider.

Amarenco is raising EUR 8 million to build a 610-MWp solar park portfolio in France - 1,337 PV projects from 35 kWp to 30 MWp, completed by 2029 and producing 758 GWh annually. Invest in clean energy with Amarenco's crowdfunding campaign!

Hive Energy takes its first step in Greece with the sale of four 267MW solar projects to Juwi Hellas. These solar parks are expected to provide enough energy to power 100,000 homes, with construction set to begin in 2021. This marks Juwi Hellas' 61st solar project in Greece with a total capacity of over 300MW.

The International Solar Alliance (ISA) and partners announce a $35 million capital contribution to the Global Solar Facility (GSF), designed to stimulate solar investments in underserved regions. India and Bloomberg Philanthropies to invest $25 and $10 million respectively. GSF anticipates $10 billion investments to benefit 200 million by 2030.

Engie India and Waaree Energies partner to build 200 MW PV project in Gujarat village. Waaree to supply AHNAY 545-Wp bifacial modules for 25 year power supply to GUVNL. Waaree, the largest solar module maker in India, to start delivery in November & launch IPO of up to USD-350 million.

Opdenergy Holding SA has signed a 12-year PPA for Alcones solar farm in Chile. Generating 1.68 TWh of solar energy annually, this 108-MW project will bring the company's total capacity to 300 MW and help create a greener future.

Chile has it's first utility-scale battery storage facility with Innergex's 50MW/250MWh Salvador battery facility. With daytime energy storage & peak pricing, it will benefit from capacity payments & generate US$8.2m (CAN$11.4m) in its first full yr. Financed via green bonds in 2022.

Aspen Power completes Construction of 14 Solar Projects in Georgia--49.4 MW DC added to Georgia's energy portfolio. Inman Solar's engineering, procurement and construction services help provide long-term power purchase agreements to Georgia Power, adding to Aspen Power's total of 43 facilities and 140 MW DC.

Octopus Energy Generation has invested in two clean energy developers to develop over 100 solar projects and 250MW capacity. Solar projects will be installed on rooftops and businesses sites with no upfront costs, reducing fossil fuel dependency and providing cheaper, cleaner energy to businesses.

The Scottish solar energy industry has welcomed the Scottish Government's commitment to significantly increase renewable energy generation by 2030. This increased ambition will lead to more jobs, lower emissions, and lower cost of living.

Green Genius & Citadele Bank join forces to power Svyturys-Utenos alus brewery - 100% Renewable Energy. A 6.9 million euro financing agreement to install solar power plants & energy-as-a-service solution to meet electricity needs. 2.6 million euro funded by European Climate, Infrastructure & Environment Executive Agency.

Enfinity Global Inc. sells 40% stake in 400-MW solar portfolio to Kyushu Electric Power Company. 28 solar power plants across US states California, North Carolina and Idaho part of the deal, Enfinity retains majority interest and long-term asset management. Part of Enfinity's strategy to expand in the US, $316.2 million secured from asset manager, PPA with Italian utility.

Societe Generale SA provides financing for 21MWp solar portfolio across mainland France & overseas territories. 17 projects to generate 18GWh of electricity a year, with one project supplied by corporate PPA. Construction begins 2020, ending 2024.

Green Genius set to receive USD10m to develop solar power projects in Romania. INVL's Renewable Energy Fund to contribute EUR52.9m to the effort of 500MW solar farms in 2025. Get the full story on Green Genius' ambitious energy project.