Solar Markets & Finance News

Galp to buy ACS solar assets for €2.2 billion – enough to rebuild Real Madrid

Portuguese gas company Galp Energía says it will become “the largest solar energy company in the Iberian peninsula”. The agreement includes operating PV plants with an installed generation capacity of 900 MW plus a further 2.9 GW under development.

Jan 24, 2020 // Markets & Finance News, Spain, Europe, Galp Energía

Spruce Finance Acquires 5864 Rooftop Solar Assets Worth 31.3 MW

Spruce Finance has completed its most significant solar portfolio acquisition to date, with the purchase of 5,864 rooftop solar assets totaling 31.3 MW

Jan 24, 2020 // Markets & Finance News, Rooftop PV, USA, rooftop PV, North America, International, Spruce Finance

EBRD Agrees €50 Mn Financial Guarantee for Renewables in EU Neighbourhood

EBRD and the EU have agreed on EUR 50 million in financial guarantees aimed at scaling up investment in renewables in the EU Southern Neighbourhood

Jan 24, 2020 // Markets & Finance News, EBRD, EU, International

Jinko Signs one of its Biggest Distribution Agreements in Brazil

Jinko Solar Holding and Aldo Solar have announced a long-term partnership in one of the most important distribution deals signed by Jinko Solar in Brazil

Jan 24, 2020 // Markets & Finance News, Jinko Solar, South america, Brazil, solar modules, International, Distribution Agreement

BHEL issues tender for power cables for floating solar projects by NTPC

Bharat Heavy Electrical has issued an RfP for direct-current cables for 2 floating photovoltaic stations constructed for Indian energy giant NTPC.

Jan 23, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Floating PV, India, tender, floating PV, Asia, bhel

NV Energy holds tender for large-scale green energy projects

NV Energy has floated a tender for development of clean power projects, which was preceded by approval of Nevada-based PV and energy storage deployment by the state’s Public Utilities Commission.

Jan 23, 2020 // Markets & Finance News, Storage, USA, Nevada, tender, North America, nv energy, Renewable Energy, International, renewable portfolio

100MW energy storage project to be delivered by wartsila in South East Asia

Finnish company Wartsila has secured an engineering, procurement and construction (EPC) contract from an undisclosed company in South East Asia to build a new 100MW / 100MWh energy storage project.

Jan 23, 2020 // Markets & Finance News, Storage, Asia, Wartsila

Engie to Sell 74% Stake in India Solar Portfolio to Edelweiss

Engie has agreed to sell a 74% stake in 12 solar assets aggregating 813 MWp of operating capacity in India to the Edelweiss Infrastructure Yield Plus.

Jan 23, 2020 // Markets & Finance News, India, Engie, Asia, Edelweiss, Paulo Almirante

Military Engineer Services Tenders for 220 kWp Rooftop Solar Systems in Delhi

The Military Engineer Services has issued a tender for setting up two rooftop solar plants worth a combined 220 kWp generational capacity in Delhi

Jan 23, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Rooftop PV, India, tender, Asia, rooftop PV, Military Engineer Services

Qatar’s 800 MW tender draws world record solar power price of $0.01567/kWh

Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.

Jan 23, 2020 // Markets & Finance News, tender, Asia, Qatar

Capital Dynamics buys 8minute’s Californian solar-plus-storage colossus

Asset manager Capital Dynamics has purchased a 400MW solar-plus-storage complex by 8minute Solar Energy, contracted to supply power to the city of Los Angeles at ultra-low prices.

Jan 23, 2020 // Markets & Finance News, Storage, Capital Dynamics, USA, solar-plus-storage, North America, 8minute Solar Energy

GCL to sell 7 Chinese solar plants for USD 156.5m

GCL New Energy has inked an agreement for selling seven China-based photovoltaic projects to CHNG. The total capacity of the operational facilities is about 294 megawatts.

Jan 22, 2020 // Large-Scale, Commercial, Markets & Finance News, China, Asia, GCL New Energy, CIT Group, CHNG

CIT backs up 76 MW solar pipeline with USD 200m

CIT is investing around USD200mn in 76 megawatts of photovoltaic projects developed by Clearway Energy – one of the U.S.’s leading renewables operators and developers.

Jan 22, 2020 // Commercial, Markets & Finance News, USA, Massachusetts, North America, Minnesota, Illinois, CIT, CIT Group, Clearway Energy, NY

US soars and China slumps as global PV investment dips year-on-year

A bustling US and a slumping China offered a contrasting picture of solar investment during a year when the global industry laid the foundations of a subsidy-free shift

Jan 17, 2020 // Markets & Finance News, USA, BNEF, China, Asia, North America

Salem Smart City Mission Tenders for 3 MW Solar Power Plants

The Salem City Municipal Corporation has issued a tender for the commissioning of a 3 MW solar power project at Erumapalayam, Salem District of Tamil Nadu.

Jan 17, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, India, solar pv, Asia, Salem

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