Solar Markets & Finance News

Bank of America has actually introduced today its first 10-year structured renewable resource agreement with Reliant for solar energy in Texas.

The Rise Fund, handled by alternative asset firm TPG, has actually announced the acquisition of roughly 1 GW of solar PV projects from Trina Solar.

Bank of America is partnering with Duke Energy to further broaden its renewable energy dedication by powering its Charlotte operations with solar power.

Idemitsu Renewables has actually introduced that it has actually closed on debt funding for its 50 MWp Central 40 solar project in Stanislaus County, California.

Japanese telecommunications huge Nippon Telegraph and also Telephone (NTT) is outlining a major renewables play in the country, spending up to US$ 1 billion a year as much as 2030.

Arizona utility Tucson Electric Power (TEP) has actually set out plans to provide 70% of its power from solar and wind by 2035, backed up with financial investment in brand-new energy storage ability.

The country included a year-high of nearly 450 MW of brand-new ability throughout the month to take the five-month total amount for 2020 to 1,926 MW. The solar aid will fall one more 1.4% from tomorrow.

The Directorate-General of Trade Remedies has called a conference of concerned parties as it thinks about whether to expand the obligation on solar cells.

The polysilicon supplier, which is bent on slimming down its capital-intensive project development service, has actually generated one more windfall to go in the direction of servicing its burdensome financial obligation stack.

Oil rates may remain in the dumps, but solar stocks are still uploading huge gains

Enphase Energy as well as Q CELLS have revealed a calculated collaboration to establish AC Modules (ACMs) based upon seventh-generation Enphase INTELLIGENCE microinverters Enphase Energy, a global power modern technology company and also a leading vendor of solar microinverters, as well as Q CELLS, a popular complete energy options service provider in solar cell and module, energy storage, downstream task organisation and power retail, have actually announced a calculated collaboration to establish Enphase Energized Q CELLS Air Conditioner Modules (ACMs) based upon seventh-generation Enphase IQ microinverters. The initial Enphase as well as Q CELLS-developed ACMs will certainly be available from significant distributors in the US beginning July 15, 2020.

Financial services large Wells Fargo has actually relied on Shell Energy to procure around 150,000 MWh of solar energy under new power acquisition contracts.

Solarcentury as well as Dutch banking company Rabobank have gotten to monetary close on a EUR20 million (US$ 22.4 million) deal to sustain the growth of 2 utility-scale solar ranches in the Netherlands.

The levy on modules will certainly then virtually dual to 40% within a year as well as cells will certainly see a comparable increase, from an initial rate of 15%.

Some states as well as utilities are driving the development, while others lag.