Solar Markets & Finance News

‘Record’ prices reported as Portugal’s PV auction nears conclusion
Portugal’s first-ever solar auction has triggered prices likely to break European records, the country’s media has reported one week before the results are known.
Jul 29, 2019 // Markets & Finance News, Portugal, Expresso, EDP, Galp, EDF, Iberdrola, Voltalia, Finerge, Europe
Axpo boosts German subsidy-free scene with PPA debut
Axpo has become the offtaker of one of Germany’s supposedly first zero-subsidy projects, with a new power purchase agreement (PPA) covering the plant’s first few years of life.
Jul 29, 2019 // Markets & Finance News, EPC, Axpo, MaxSolar, PV Tech
Sunnova Raises $170M in First US Solar IPO in Years
“We’re the first solar company that went public that’s headquartered in Houston,” CEO John Berger tells GTM. “Now you know the energy business has really changed.”
Jul 29, 2019 // Markets & Finance News, Sunnova, SolarCity, Sunnova CEO, Greentech Media, IPO, John Berger, First Solar
China Power clean energy unit to de-list from Hong Kong exchange
The business will come under the control of its Chinese state-owned parent power company after a shareholder vote agreed the move earlier this month.
Jul 25, 2019 // Markets & Finance News, China, China Power Clean Energy Development, China Power, Hong Kong, Asia
Finance ROUND-UP: CleanCapital’s US$300m, Fotowatio’s loan, Soltage’s 200MW push
BlackRock-backed CleanCapital bags funding, 75.2MW purchase
Jul 22, 2019 // Markets & Finance News, CleanCapital, KDC Solar, C&I, Credit Suisse, BlackRock
Aussie 10GW solar-plus-storage colossus gets government backing
Australian authorities have rallied behind what is arguably the largest solar-plus-storage project to be conceived in the world’s history.
Jul 22, 2019 // Large-Scale, Markets & Finance News, Australian, Michael Gunner, Northern Territory, Tennant Creek, Singapore’s SunCable, Victoria, Australia’s Smart Energy Council, Victoria’s Solar, Smart Energy Council's
The top ten winners in China’s 23GW tender
Last week the Chinese National Energy Administration (NEA) revealed the winners of its feed-in tariff (FiT) auction.
Jul 18, 2019 // Large-Scale, Markets & Finance News, NEA, Chinese National Energy Administration, FiT, New Deal, Sungrow, China General Nuclear Power Group, China Datang, Tongwei, Guangzhou Development Group, Jinko Solar, China HuaNeng Group, China Energy Conservation and Environmental Protection Group, Singyes Solar, Carrie Xiao
European Investment Bank to finance Nuñez de Balboa mega-facility
Europe’s biggest PV solar plant is one step closer to fruition after the European Union’s investment arm and Spain’s state-owned bank the Insituto de Crédito Oficial have agreed to bankroll it with a €285 million (US$319 million) loan.
Jul 18, 2019 // Markets & Finance News, Extremadura, Insituto de Crédito Oficia, Galán, Emma Navorro, ICO
National Grid Completes $100M Acquisition Of Geronimo Energy
National Grid has completed its $100 million acquisition of Minneapolis-based wind and solar developer Geronimo Energy.
Jul 15, 2019 // Markets & Finance News, National Grid, Geronimo Energy
Cypress Creek to Cut EPC Business, Expand in Competitive Markets
The utility-scale developer seeks to reorient itself around competitive markets beyond its base in the Carolinas, using third-party construction firms instead of its own staff.
Jul 11, 2019 // Markets & Finance News, USA, Cypress Creeks, EPC, New York, North America
ABB to Exit Solar Inverter Business, at a Cost of $470M
It’s the third big solar inverter player so far this year to move out of an increasingly challenging market.
Jul 9, 2019 // Markets & Finance News, ABB, Lindsay Cherry, Wood Mackenzie Power & Renewables, Tarak Mehta, EcoStruxure, IOT platforms, Kaco’s
New York Funds Energy Storage On Long Island
Gov. Andrew M. Cuomo, D-N.Y., has announced a funding opportunity for both residential and commercial energy storage on Long Island.
Jul 8, 2019 // Markets & Finance News, New York State Energy Research and Development Authority, NYSERDA, Cuomo’s Green New Deal, NYSERDA and PSEG-LI
Freedom Solar Expands In Austin
Austin, Texas-based Freedom Solar, a provider of turnkey solar installations in Texas, has moved into a new, expanded Austin headquarters and added new employees to accommodate the company’s growth.
Jun 28, 2019 // Markets & Finance News, Austin, Freedom Solar, Freedom Solar’s CEO