Solar Markets & Finance News

Altus Power America Inc on Tuesday said it has secured USD 850 million (EUR 765m) of funded and committed capital that would help it expand its portfolio of commercial and industrial solar assets to over USD 1 billion.

Calyxo, a German cadmium telluride solar module manufacturer, has filed for insolvency for the second time, despite the recent emergence of new prospective investors. Meanwhile, Crystalsol – an Austrian flexible solar panel maker – has also initiated insolvency proceedings, due to losses of roughly €7 million.

The largest monocrystalline wafer producer, LONGi Green Energy Technology Co has signed a two-year wafer supply deal with Chinese solar cell producer, Jiangsu Runyang Yueda Photovoltaic Technology Co (Runergy) worth approximately US$1.5 billion (RMB 10.34 billion).

The Brazilian renewable energy subsidiary of power giant Enel Group has brought online a 475MW bifacial solar project in Brazil’s northeastern state of Piauí.

JLC Infrastructure has announced a successful acquisition of Greenskies Renewable Energy – a utility and commercial PV system developer.

The tender launched according to Scaling Solar program is for deployment of solar farms with a total capacity of 60-80 megawatts.

Airports Authority of India (AAI) has issued a tender, inviting bids from eligible firms for commissioning of a 1 MW grid-connected solar energy plant at the Begumpet Airport in Hyderabad.

A fresh round of funding has bumped total investment in NextEnergy Capital's global solar fund, Next Power III (NPIII), to US$280 million.

Residential solar loan provider Loanpal announced it has expanded its partnership with Goldman Sachs to finance an additional $200 million in residential solar loans, bringing their total financing commitments to $635 million. Additionally, the partnership will now allow Loanpal to finance hundreds of new products for homeowners that make up the $200+ billion annual home efficiency market.

OYA Solar, a North American full-service solar developer, has launched development operations in Pennsylvania.

Nautilus Solar Energy has acquired a 31.5-MW portfolio of operating solar project assets from Virgo Investment Group.

Solibro Hi-Tech filed for insolvency last Friday. In August, 2019, Solibro GmbH was also declared insolvent. Both companies belong to Hanergy group.

BHEL has tendered for carrying out the O&M work on the firms’ 5 MW solar plant in Tamil Nadu.

Indian NTPC Limited has launched an action for 870-kilowatt rooftop photovoltaic station. The system will be installed at the company’s second stage of TG Hall in Vindhyachal.

The PV array will be installed 75km from the capital. The price of the winning bid has not been disclosed by the government. Apart from 200 megawatts of solar capacity, the tender included 250 megawatts of wind power, which has been awarded to ACWA Power.