Solar Markets & Finance News

Elgin Energy has sold a 100 MW PV portfolio of solar projects in UK to Pennon Group, estimated to require GBP 85 million investment. These projects are projected to generate low-cost electricity and contribute to UK's net-zero emissions by 2050. Also, Elgin sold 521 MW of solar & 70 MW of battery projects in 2020, to be operational by 2025.

Energiekontor has reached financial close on a 60MW solar park in Brandenburg, Germany, with construction starting in Q3 2024 and 68GWh of green electricity generated in its 1st year of operation. It also has the option to develop solar parks with a total capacity of 225MW in Germany and France.

Iberdrola and Vodafone have signed three Power Purchase Agreements (PPAs) to supply Vodafone with 410GWh of solar generated electricity. These PPAs will help both companies reach their net-zero targets and provide energy security. Three solar plants will be built in Spain and Germany with a capacity of 56MW by 2024. Both companies are committed to finding more sustainable energy solutions.

CEE Group acquires a 103.5-MWp solar project from Ecorus Group in the Netherlands, increasing their solar portfolio to over 350 MWp. Fledderbosch solar park to be commissioned in 2022 with a 15-year fixed tariff under SDE++ support scheme. Ecorus responsible for EPC and first partnership between two companies.

Les Mousquetaires, a leading agri-food producer in France, have signed a 95 MWp photovoltaic PPA to supply electricity to 1,000 of their facilities. This is the second largest corporate PPA in France to date, and a major step towards their carbon footprint reduction goals.

First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.

Duke Energy and Amazon have launched a 2-MW rooftop solar project in Northern Kentucky, providing clean energy to 400 homes and businesses. The project is part of Amazon's commitment to reach net zero carbon emissions by 2040. Duke Energy has three other solar sites in the region.

Ib Vogt has sold a 98MW portfolio of solar projects in Italy to French solar energy producer Rubis Photosol. This multi-gigawatt portfolio includes 10 PV and agrivoltaic projects in the Lazio region, two of which have reached ready-to-build status. With eight projects expected to reach RTB in the next year, this is Ib Vogt's first sale from its Italian portfolio. 380MW of additional projects are currently permitted.

Duke Energy agrees to sell its commercial distributed generation business to ArcLight, with an enterprise value of $364 million. Duke Energy to receive $259 million in proceeds to help achieve its goal of becoming a net-zero carbon company by 2050 with 30,000 megawatts of regulated renewable energy.

President Joe Biden announces $60 million investment from Enphase Energy Inc. to create 1,800 jobs in US, including 600 in South Carolina, supported by $370 billion Inflation Reduction Act and $52 billion CHIPS and Science Act. Biden is joined by Flex CEO Revathi Advaithi and Enphase CEO Badri Kothandaraman on his trip to promote economic agenda.

Goldbeck Solar Group secures €44 million finance from RGreen Invest for the construction of 4 solar projects in Canada and Chile, totaling 93MWp. Supporting sustainability, the Canadian projects will run on merchant basis and Chile will benefit from PMGD programme.

Woolworths agrees to 100% renewable energy supply deal in NSW and ACT with SmartestEnergy, covering 450 sites with power from wind and solar projects. Achieves goal of 100% renewable energy in two states by 2025.

This article looks at a firm's growth in solar energy production capacity, plus the successful delivery of 800 MW of 210mm Vertex modules to the 2 GW Al Dhafra PV Power Plant project in Abu Dhabi. Learn about the four key features that unlock a low Levelized Cost of Energy (LCOE).

Arctech Solar Holding Co Ltd has signed an 11.457-MW order with Israeli telecommunications and energy firm Nextcom Ltd to deliver its SkyLine II solar tracking system to Israel. This marks Arctech's first entry to the Israeli market. Experience 607-MW IBRI II project in Oman & 2.1-GW Al Dhafra PV2 project in Abu Dhabi. Nextcom has a ILS-41-million contract for 3 solar-plus-storage projects across 2 sites in Israel.

Shenzhen S.C. is investing up to 961 million RMB (USD$134 million) in the manufacture of equipment for perovskite and perovskite tandem solar cells. This strategic investment is set to take advantage of the potential of the technology and enhance the company's position in the PV market. The project will focus on setting up production facilities in Jiangsu province, China, with an annual capacity of 160 PVD, 119 RPC, and 60 VEC equipment.