Solar Markets & Finance News

Masdar, owned by Abu Dhabi government, signs agreements to construct 1GW solar & wind power capacity in Azerbaijan. Garadagh Solar Park is now inaugurated, producing enough electricity to power 110,000 homes. Masdar plans to double capacity this year aiming for 100GW of gross capacity to aid UAE's net zero carbon emissions by 2050. Adnoc expands presence in Azerbaijan with 30% equity in Absheron natural gas field.

Husk Power Systems raises $103 million to expand their award-winning mini-grids to India, Nigeria, DRC, and other African countries. Solar and battery mini-grids will bring affordable, reliable power to households and small businesses. STOA Infra & Energy SAS leads investment round.

Discover how the Inflation Reduction Act (IRA) influenced the US photovoltaic market in the past year, including significant cost reductions for residential systems and benchmarking of Community Solar. Get the new bottom-up PV and storage cost model from NREL and the Department of Energy.

Help advance environmental justice - $500,000 is being donated to the American Solar Energy Society for a project on the Pine Ridge Reservation in South Dakota. This project will support small non-profits and create healthier, more resilient communities through solar energy applications.

Sonnedix acquires 416MWp solar PV portfolio in Chile from Enel Chile, producing green energy for over 530,000 homes and avoiding 460,000 metric tonnes of CO2 annually. Refinancing of Sonnedix's largest project in Chile funded by US$624m acquisition financing.

Neoen and Alight are excited to be working on the 100MWp Hultsfred solar farm in Sweden, which will provide 18,000 homes with renewable energy come 2025. H&M Group has even secured a long-term PPA to receive 95% of energy produced. Get ready for a greener future!

Servotech Power Systems files 2 patents for innovative energy management technologies to optimize grid service, channel renewable energy into BESS and develop EV charger rectifier units, paving the way to a sustainable energy future.

Discover how two states dramatically increased their solar power capacity by 70 MW. Get the details on this impressive success story!

Jakson Green's energy transformation platform is reshaping the future of clean energy. The new 40MW solar EPC deal from NTPC Ltd in Uttar Pradesh's Ayodhya district will generate 87 million kWh of electricity and offset 300,000 tonnes of CO2 emissions each year. Jakson Green has also been awarded 1GW of contracts to build renewable power plants for GCC and African projects in 2021.

Macquarie Asset Management and Norsk Hydro ASA just announced a joint venture worth USD 332 million to develop 6.9 GW of renewable projects across three countries. Check out the details on this innovative partnership and its expected impact.

SUNfarming secures double-digit million Euro financing for 185-MWp PV projects. Prime Capital AG raised funds through project bonds and Capcora acted as exclusive financial advisor. German solar power developer looks to finance growth with this successful transaction.

Australia's electricity grid is transforming: Renewables pushed prices down by 71%, solar set wholesale price on 72% of intervals and 10GW of new projects under construction. Don't miss out on saving money and ensuring reliability with renewable energy.

Reestablishing the German solar industry a decade after bankruptcy, EU subsidy plans and Chinese dominance. With new plant openings and experienced staff, Europe seeks to reduce reliance and expand renewable energy capacity. Will it be enough to ward off the risk of failure?

Catch the energy shift in 2024: US expected to add 40 GW of solar & wind capacity, resulting in 16% increase of renewable energy's share of electricity generation.

Amazon just announced 39 solar and wind projects across 13 European countries, with a combined capacity of 1 GW. This initiative will enable 5.8GW of clean energy, enough to power 4.9 million British households. As part of its commitment to be powered 100% by renewable energy by 2025, Amazon is setting up its first solar farm in Poland and Greece.