Solar Markets & Finance News

European Energy unveils ambitious plans for the largest solar farm in the Baltics. Located in Anyksciai, Lithuania, it has a capacity of 65MW and will provide 24,000 households with clean energy when it is connected to the grid in Q4 2023. It will feature 140,000 solar panels and a total output of 90,000MWh per year.

Solar AI Technologies, a Singaporean startup, raises $1.5 million to make solar energy more accessible & affordable in Southeast Asia. Rent-to-own model for homeowners with monthly payments of $200, and maintenance/warranty coverage. Three times more web traffic than competitors. Expanding to Malaysia & Philippines.

Atea, an IT infrastructure supplier, has signed a 10-year Power Purchase Agreement with Better Energy to purchase 70GWh of renewable energy from their new solar project in Denmark. Atea shows their commitment to reducing carbon emissions and supporting clean energy technologies. Better Energy is excited to welcome Atea to their partnership.

GCL SI secures 1.1GW of N-type high-efficiency solar modules for SAEL Industries Limited in India, one of the biggest PV module procurements in recent years. GCL SI's new N-type cell factory in China provides additional capacity to meet SAEL's ambitious 2GW annual installation goal.

Greenvolt Power Actualize is a joint venture focusing on large-scale solar projects in North America. The JV has signed contracts with a major US utility for 97-MW DC solar projects, generating enough to power 16,000 homes. Projects operational 2025-2026. Actualize Solar Partners has 30 GW of renewable power assets.

Join the Kladovo Solar Gate project and help Serbia become a leader in renewable energy. This proposed 300 MW solar photovoltaic plant is located 5 kilometres from the city of Kladovo and is in its early planning stages. Be part of a potentially revolutionary new energy source.

Northvolt, a leading European battery manufacturer, has secured over $9bn in equity and debt to fund its European and North American expansion. Investor include Investment Management Corporation of Ontario, BlackRock, Canada Pension Plan Investment Board, OMERS, Goldman Sachs Asset Management, AP Funds 1-4, Folksam Group, ATP and Volkswagen Group.

Secursun, a German joint venture, has started construction of its portfolio of 1.1GW solar parks in Germany, with 7+ projects beginning this year & more to complete by 2026. Berlin-based Securenergy Solutions & Sunotec specialize in solar construction.

PAD RES secures €54 million investment from Polish Development Fund for two solar farms in Pomeranian Voivodeship with 117 MW capacity, 140 hectares coverage. Electrum chosen as general contractor to strengthen market position for energy transition in Poland.

ACWA Power has reached financial close on two solar projects in Saudi Arabia with a combined capacity of 2.6GW. Investment totals US$2.37bn and commercial operations will begin in 2025, providing clean renewable energy as part of Saudi's National Renewable Energy Program.

Power Roll has secured an investment of £1 million to expand their patentedMicrogrooves technology andcommercialize their affordable and efficient flexible solar film worldwide. Their solar film can produce cost-effective electricity for a variety of applications.

US Commerce Department's 17-month probe is set to rule on trade practices related to Chinese-made solar equipment. Sanctions could include antidumping and countervailing duties up to 254% next June, impacting US clean energy growth and job opportunities. Ruling may also affect domestic manufacturers and treatment of silicon wafers used for solar cells and modules.

Greenbacker Renewable Energy Company LLC secures USD 75 million to expand investments in solar, solar-plus-storage and stand-alone energy storage projects. Expansion to USD 250 million possible. Latest project is a 30-MW/120-MWh battery energy storage system in California.

Enel SpA's plan to sell a 50% stake in its Australian renewable energy business to Inpex Corp has been approved by the European Commission. The deal is worth EUR 400 million, with EUR 140 million in debt. Enel Green Power Australia currently operates three solar farms and is building 170 MW of wind and solar parks. This sale is part of Enel's strategy to reduce net debt in 2023-2025.

Trina Solar and Voltalia have partnered to build Karavasta Solar, a 140MW solar project in Albania. Funded by EBRD, the project is expected to generate electricity and employment to the local community, with 1% of the total investment going towards social initiatives.