Solar Markets & Finance News

IFC and SIMA Funds join forces to finance solar projects in Africa, supporting small businesses and promoting sustainable energy solutions. A game-changer for the continent's solar sector.

Metafin, the solar finance startup, secures $5 million in funding to expand operations, enhance technology, and provide affordable power to rural businesses in India.

Recurrent Energy secures $160M financing for Bayou Galion Solar project in Louisiana, with Microsoft purchasing all energy to support its carbon-negative goal. Louisiana set to become a major player in solar energy with projected 3,000 MW increase.

Neoen secures financing for a 203 MW wind project and a 238.5 MW/477 MWh battery storage scheme in South Australia, providing renewable energy to mining group BHP.

Sonnedix secures €260m green loan for solar power projects in Italy, marking one of the largest financing agreements in the country this year. CEO Axel Thiemann emphasizes the company's commitment to Italy's renewable energy market and the urgent need for energy transition.

Brookfield Asset Management raises $10 billion for its second Global Transition Fund, targeting clean energy expansion and sustainable solutions, led by Mark Carney and Connor Teskey.

Westbridge Renewable Energy Corp plans to expand its European portfolio with two solar projects in Italy, adding 62 MW of power generation capacity, as it aims to diversify its presence and tap into Italy's promising renewable energy market.

Greek energy company Mytilineos secures financing for 588MWp solar portfolio in Chile, with DNV's advisory role playing a crucial part in achieving this milestone. The projects are expected to generate 1.6TWh of green electricity annually and reduce over 1 million tonnes of CO2 emissions each year. Enel Chile commits to purchasing most of the power produced through 10-year power purchase agreements.

Ginlong (Solis), the world's third-largest PV inverter manufacturer, secures improved bankability position in the 2023 BNEF Inverter Bankability Survey, reflecting growing confidence in the brand among global solar industry players.

Octopus Renewables Infrastructure Trust (ORIT) expands its renewable energy portfolio with the acquisition of four solar farms in Dublin, Ireland, bringing its total capacity to 735MW. Microsoft commits to a 15-year Power Purchase Agreement for the electricity generated. ORIT also plans to invest in offshore wind with a £3 billion fund.

India's booming solar industry faces concerns over forced labor in Chinese components, as US ban creates opportunity for Indian producers to expand market share.

Danish renewable energy company Better Energy secures funding from Jyske Bank for 200-MWp solar parks, powering 131,000 Danes. Collaboration with Industriens Pension continues to expand.

Greek power utility PPC SA's renewables arm secures debt financing for a 550 MW solar project in Western Macedonia. The Phoibe project aims to generate 1 TWh of electricity annually, powering 200,000 homes.

Altus Power secures an 84 MW solar portfolio, expanding its client base and funding facility to further support commercial solar assets.

Vesper Energy's $590m debt financing deal for the Hornet solar project in Texas will generate enough electricity to power 160,000 homes annually, stabilizing the grid and reducing price volatility.