Solar Markets & Finance News

Philippines utility Meralco has sunk PHP424 million (US$8.2 million) of equity funding into its renewables subsidiary, MGreen, to support 210MW of solar projects.

Deutsche Bank’s attempt to shut down the Chinese solar developer and BIPV maker, due to be heard this morning, has been adjourned for two weeks.

The ever worsening balance sheet of the Hong Kong-based solar manufacturer has triggered the removal of shares listed in Taiwan, which is likely to leave the company with a $2.84 million bill for buying them back.

Google has signed a deal for 250MW of solar energy from installations planned in Texas by Chicago-based developer Hecate Energy.

Northern Europe’s clean energy scene has witnessed a flurry of policy moves in the space of a week, with at least four countries making announcements on various auctions and subsidy schemes.

Ranger Power will search for a buyer of its 230 million dollar solar site in eastern Lincoln.

Xcel Energy has announced an agreement with Lightsource BP and EVRAZ North America to develop a $250-million, 240-MW solar power facility in Pueblo, Colorado. The plant will provide power to the EVRAZ Rocky Mountain Steel facility in Pueblo. Xcel said the plant will be the largest on-site solar facility dedicated to a single company.

Chinese state-owned PV manufacturer Jetion Solar says it has signed a deal with Italian government-owned oil and gas major Eni to develop a slew of new solar projects across five regions in the next three years in a deal worth €2 billion.

The Spanish company plans to develop 66 solar and wind parks that will add 3 GW of renewable energy generation capacity in 50 municipalities near Teruel, Navarre over the next four years. Some 34 facilities will be solar plants that will add 1.3 GW as part of an investment of more than €2.4 billion.

Utility UTE is planning to resume solar energy development with a new large scale PV project after several years of almost zero growth.

Power purchase agreements may be voluntarily renegotiated by extending the 20-year deals or enabling independent power producers to add more efficient PV components, thus increasing plant generation capacity.

The solar park will be connected to the Soma substation, a piece of grid infrastructure expected to increase electricity access in the country to 60%. The project will add to 30 MW of other solar facilities under development in the West African nation.

Perimeter Solar has sold 74.25MW of power from its proposed 130MW solar farm in Alberta, Canada to energy company TC Energy, in a deal billed as Canada’s “largest” private power purchase agreement (PPA) to date.

Vivint Solar has refuted claims by short-seller Marcus Aurelius Value of “malfeasance” around sale contracts, in a counteroffensive launched after days of gradual stock share decline.

The site of two controversial development proposals that never came to pass is now slated to be filled with solar panels and computing storage buildings.