Solar Markets & Finance News

A solar project part of a landmark subsidy-free series in Spain has found a new owner, a major insurance group set to buy the plant as it nears commissioning.

UK solar developer Solarcentury has landed a €54.8 million finance facility to construct 500MW of solar farms in Spain.

The Ministry of Industry, Trade and Energy has issued an expression of interest to pre-qualify developers for two 5 MW solar plants. The facilities will be on the islands of Sal and São Vicente.

Oil&Natural Gas Corp has issued an invitation to tender for development of the 5-megawatt photovoltaic system at its plant located in Hazira.

India has extended a $75m line of credit for development of PV parks in Cuba according to agreement between Cuban agency BEC and Exim Bank of India.

The joint venture between Japanese majors Toshiba, Denso and Suzuki will make the investment in the Gujarat plant over the 2021-25 period, having pumped Rs12.5 billion into the first phase of development.

The Brazilian president said the potential introduction of a grid fee for net metered solar systems will be eliminated thanks to an urgent ad-hoc decree expected to be approved soon by parliament. The proposed ‘solar tax’ would have affected all new PV installations with a generation capacity of no larger than 5 MW under Brazil’s net metering regime.

Sustainable Energy Development Authority figures show the country saw around 94 MW of new rooftop generation capacity added in the first 11 months of last year. That compares to less than 14 MW in the previous three years.

SunPower has appointed a new chief financial officer to the leadership team of its planned manufacturing spin-off, Maxeon Solar Technologies.

Leading module manufacturer JinkoSolar is to supply 150MW worth of its high-efficiency Cheetah solar panels for projects in Cambodia.

Greenbacker Renewable Energy Company, through a wholly-owned subsidiary, has signed the rights to an approximately 110MW portfolio of solar projects located in Greene and Albany counties, New York, from Hecate Energy.

‘Solar Module Super League’ (SMSL) member, First Solar has agreed to settle a 2012 class action lawsuit to the tune of US$350 million. The settlement is subject to approval by the United States District Court for the District of Arizona.

Canada’s Solar Provider Group (SPG) is the latest foreign developer to enter the Brazilian PV market, with a plan to invest US$250 million over the next five years.

Volkswagen is planning to make 1.5m of EVs in the year 2025. 1m of e-vehicles are expected to be sold before the end of 2023, which is 2 years ahead of the previously announced plan.

The Energy and Resources Institute announces a new platform for P2P transactions of green power among residential consumers sharing the neighborhood.