Solar Markets & Finance News

Zabka Goes Solar: 65-MW PPA Signed
Zabka Group has signed a 10-year PPA with Modus Asset Management, supplying 50 GWh of electricity annually from 65 MW of solar parks. The agreement marks Modus Asset Management's entry into the Polish PPA market and will help Zabka reduce Scope 1 and 2 emissions by 25% and carbon intensity by 70% by 2026.
Jun 22, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, Poland, Europe, Zabka
SinglePoint Files for Nasdaq Uplisting
SinglePoint Inc has filed to up-list to Nasdaq, offering one million shares at USD 6.00 per share. Net proceeds to be used for debt repayment and potential business acquisitions. Alexander Capital LP is the sole bookrunner. SinglePoint owns 80.1% of Boston Solar and 51% of Box Pure Air, plus other businesses in the agricultural and marketing industries.
Jun 22, 2023 // Markets & Finance News, nasdaq, SinglePoint Inc
Ilmatar Secures Land for 350MW Swedish Solar
Ilmatar, a Nordic developer, has secured land for a proposed 350MW solar farm in Grums, Sweden. Working with local landowners, the farm will be one of the largest in Sweden, using timber forest damaged by bark beetles. Christian Gustafsson, Ilmatar's CEO, looks to expand renewable energy for Sweden with the project. Anders Bergenheim, a local landowner, is excited about the collaboration.
Jun 22, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Sweden, Europe, PV Power Plant, Ilmatar
Mytilineos Signs 40-MW Solar PPA with Marubeni
Mytilineos SA has secured a 40-MW solar power purchase agreement (PPA) in Queensland, Australia. With the help of SmartestEnergy Australia, a unit of Marubeni Corp, the Kingaroy solar farm is under construction and expected to be operational by 2021. Mytilineos has 11.9 GW of assets in development globally, including 376 MW in Australia.
Jun 21, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, Marubeni, Mytilineos
Ameren Missouri Eyes 550 MW of Solar
Ameren Missouri invests in 550 MW of solar power generation across 4 sites to power 95,000 residential homes by the end of the decade. Discover how this long-term transformation plan will benefit communities in Missouri and surrounding states.
Jun 21, 2023 // Markets & Finance News, USA, North America, Ameren Missouri
Sustainable Power: Northvolt Secures $400m
Northvolt has secured a $400M investment from IMCO to expand their battery production capacity, with a focus on clean energy manufacturing, regional sourcing, and closed-loop circularity through recycling. This investment supports meaningful capital deployment for the energy transition and managing ESG risks.
Jun 21, 2023 // Markets & Finance News, Canada, NORTHVOLT, Sweden, Europe, North America, Imco
Singapore's Solar Surge: Volatile Prices Fuel Demand
Discover how Singapore is overcoming its volatile electricity prices and lack of space for traditional renewables by embracing solar energy. Learn how residential rooftop solar installers are responding to rising energy bills and climate impact, and how solar now contributes to Singapore's energy mix.
Jun 20, 2023 // Markets & Finance News, Asia, Singapore
Solgrid, Soltech Partner for 300 MW Solar in Sweden
Soltech and Solgrid have entered a partnership to develop and operate 300 MW of ground-mount solar projects in Southern Sweden. Solgrid is investing SEK 2 billion with potential orders of SEK 1 billion for project development. Applications are submitted and construction is expected in 3-4 years.
Jun 20, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Sweden, Europe, Solgrid, Soltech
$76M Solar Project: SABIC & Iberdrola's Global Partnership
SABIC awards Iberdrola a $76 million contract to develop a 100 MW solar plant in La Aljorra, complete with 260,000 solar panels. The plant will supply SABIC's polycarbonate facility with renewable electricity to support sectors such as automotive and construction.
Jun 16, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Iberdrola, PV Power Plant, SABIC, La Aljorra
Coro Energy Acquires 2.39MW Rooftop Solar in Vietnam
Coro Energy has signed a USD-1.3-million agreement to acquire a 2.39 MW rooftop solar portfolio in Vietnam, with an 18-year power purchase agreement and a payment plan including cash, new shares, and existing specialist debt. Completion expected in Q4 2023.
Jun 16, 2023 // Plants, Commercial, Markets & Finance News, Rooftop PV, Asia, Vietnam, Coro Energy
Grenergy Sells 150-MW Solar Plant in Spain
Grenergy Renovables SL, a Spanish renewables developer-operator, has agreed to sell its 150 MWp Belinchon solar power facility in Cuenca to a European IPP. The transaction is expected to close by the end of the year, with a net profit of EUR 83 million. This is the first milestone of the Valkyria initiative, with 1.1 GW of solar assets to dispose of in Spain and a pipeline of 14 GW, including 1.8 GW of assets and 10 GWh of energy storage projects.
Jun 16, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Europe, solar plant, Grenergy
Big Investors Bet on Chilean Solar: ESG's Stable Prices
Chile's energy regulator and grid operator have criticized incentives for small plants, but lenders welcomed BlackRock's April deal for its competitive return on equity and low risk in a ESG-focused market.
Jun 15, 2023 // Plants, Markets & Finance News, BlackRock, Chile, South america, PV Power Plant
Google Powers Dutch PV with EDPR PPA
EDPR signs PPA with Google for four photovoltaic projects in The Netherlands. This agreement marks the first PPA secured by German solar developer Kronos Solar EDPR and sends a strong signal for its 5GW+ project pipeline. Now accelerating the production of clean energy in The Netherlands and other European markets.
Jun 15, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, Europe, Netherlands, Google, EDPR, KRONOS
Faerch Group Joins European Energy for UK Solar PPA
European Energy has signed a 10-year Power Purchase Agreement (PPA) with Faerch Group to supply renewable energy from the 40MW Bubney Solar Farm. This partnership will reduce carbon emissions and improve sustainability for Faerch Group while providing a milestone for European Energy's UK energy operations.
Jun 15, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, UK, PPA, Europe, Faerch Group
Pacific Green Offloads 99-MW UK BESS
Pacific Green Technologies Inc. has announced a GBP 74 million deal for a 99-MW battery energy storage system (BESS) in Richborough Energy Park, Kent, England. Senior debt and equity secured for the project; completion expected within weeks. Move part of a 1.1-GW BESS project pipeline in the UK.
Jun 14, 2023 // Markets & Finance News, Storage, UK, Europe, BESS, Pacific Green Technologies