Solar Markets & Finance News

NorSun has raised 8.6 million dollars to fuel its growth projects in Europe and the US. Statkraft Ventures, Ardal Energi, Nysno Klimainvesteringer, and more, have subscribed to the capital. NorSun plans to build a 5GW production facility in the US and 3GW expansion in Årdal, Norway, funded in part by the EU Innovation Fund.

CIMIC Group's unit Pacific Partnerships acquires rights to develop 300-MW DC solar project in Queensland, capable of providing power for around 100,000 average-sized homes. Juan Santamaria notes Queensland is strategic focus for their diversified energy and utilities portfolio. Engineering, procurement and construction to be managed with an aim to commission in 2026.

BayWa r.e. demonstrate their commitment to Australia’s solar industry with the launch of their new solar portfolio. A comprehensive range of solar solutions for all needs.

Portuguese energy firm Greenvolt Energias Renovaveis SA announces its intention to acquire majority stakes of Spanish solar firm Iberica Renovables SL. Financial details and the amount of shares to be acquired remain undisclosed. AdC is currently reviewing the deal. Comments must be submitted within 10 business days.

Voltalia has opened a new office in Tirana, Albania with 23 employees to support local growth. The office will provide turnkey solar plant construction services and develop PV and wind projects, including the 140 MW Karavasta solar farm in Fier. Operational in 2023, the farm is backed by a EUR 29 million loan from EBRD.

Antaisolar secures a 470MWp solar tracking systems deal in Uzbekistan, delivering its TAI-Simple single-axis 1P tracking system with 18.5%-24% power output increase. This is the largest solar tracker award in Central Asia, with 25.4GW of cumulative solar racking shipments. Uzbekistan is aiming to reach 25% renewables by 2026.

Caelux, a solar technology company, secures $12 million in Series A3 funding to expand their factory, conduct research, and launch their revolutionary solar product, Caelux One, with the potential to exceed 30% efficiency and meet market requirements.

Xcel Energy (NASDAQ:XEL) launches RFP to replace coal-fired power plant in Wisconsin with 650MW of solar-plus-storage projects to generate electricity for 135K homes and reduce CO2 emissions by 85% by 2030. Explore potential future uses of plant site after shuttering.

Servotech Power Systems announces $36.2m investment to set up EV charger factory in Uttar Pradesh, India, generating up to 500 jobs and 10,000 EV DC Fast chargers per year.

Swift Current Energy completes financing on 800-MW Double Black Diamond Solar project to generate power to serve over 100,000 homes in the MISO area. Constellation to buy portion of power and RECs produced. McCarthy Building Companies Inc to serve as EPC contractor.

Discover how Italy is incentivising renewables and simplifying the permitting process for projects 10MW or larger, aiming to reach 131GW of installed capacity by 2030.

Masen is making strides towards their goal of 52% renewable energy by 2030, with the launch of a call for pre-qualification for the 400-MW Noor Midelt III solar power project and accompanying 400-MWh battery energy storage system. Interested parties have until October 20 to submit proposals for the competitive process.

Green Building Renewables has acquired Solar Voltaics, a solar panel installation and EV charging provider. This is the 8th acquisition for the company, increasing their annual turnover to £35 million. Solar Voltaics serves customers in Hampshire, Sussex, Berkshire, Surrey, and Dorset.

EDF Renewables North America and Canadian Solar announce multi-year agreement for 7GW of high efficiency solar modules. Canadian Solar to invest US$250m in Texas factory, creating 1,500 jobs and 5GW of annual output. Agreement aligns with IRA guidelines.

ACEN has increased funding for the 133.5-MWp Cagayan North Solar Power project in the Philippines, part of a larger scheme planned to be operational in 2024. The new loan agreement will help build up the country's solar energy capacity and provide clean and renewable energy for the Philippines.