Solar Markets & Finance News

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.

The final version of the PPA is expected to come in force in Q1, while Quadran Seychelles is slated to start constructing the large-scale floating photovoltaic plant in Q2 of the new year.

The government of the state of Western Australia has allocated funding from its Renewable Hydrogen Fund toward seven feasibility studies that could pave the way for significant renewable hydrogen projects around the state.

The German renewables group and brewer Anheuser-Busch InBev claim the transaction is the largest pan-European solar power deal with an industrial client to date. The companies have already agreed on a virtual power purchase agreement related to two Spanish PV plants that are scheduled for grid connection by spring 2022.

The transaction has been approved by AGCM, Italy’s antitrust authority. Prior to acquiring Evolvere – which recorded a turnover of more than €30 million in 2018 – Eni has mainly specialized in the construction of large-scale solar plants, rather than residential and commercial PV projects.

German EPC ib vogt has announced the sale and commencement of construction of a 180MWp solar farm near Badajoz in Spain, teeing itself up for a slew of other subsidy-free developments in Southern Europe.

Panasonic has warned US solar installers about Tesla selling a “large quantity” of its solar panels designated to the company to an unidentified third-party wholesaler that would not be covered by Panasonic product warranties.

US power suppliers could face clean energy credit obligations to foster a major shift to renewables and decisively slash emissions, under legislation currently being drafted up at Congress.