Solar Markets & Finance News

Santander to fund South Farm Solar site that will power City of London Corporation

Osaka Gas U.S.A. Corporation has acquired the project which is expected to be functional in 2025

US property solar as well as energy efficiency remedies carrier PosiGen LLC stated on Monday it has actually gotten a USD-250-million (EUR 230m) financing commitment from Brookfield Asset Management to back its future asset development.

United States solar modern technology as well as energy services company SunPower Corp (NASDAQ: SPWR) on Monday selected Elizabeth Eby as its primary financial officer (CFO) with effect from May 30, 2023.

Spanish utility Naturgy Energy Group SA (BME: NTGY) today stated it has actually agreed to acquire a 422-MW portfolio of wind farms in your home and a pipe of 435 MW of solar projects in a take care of an enterprise value of EUR 650 million (USD 709.5 m).

Programmer will be able to 'enhance its efforts' to create 448MW of PV with additional finance in place

The PPA has actually been signed with an Industry Consortium in Texas and also the solar project is expected to be operational in 2024. 100 MW of solar energy will be provided to EMD Electronics, Biogen Inc., Wayfair Inc., Autodesk, Inc. as well as a large medical care firm.

Estonia-based renewable energy manufacturer Enefit Green AS (TAL: EGR1T) saw its first-quarter web profit visit 13% on the year to EUR 30.5 million (USD 33.3 m), primarily as a result of the lower market value for electrical power.

Italian solar systems installer Comal Spa has actually been awarded an agreement to construct an 80-MWp solar park in Sardinia in support of compatriot Sardeolica Srl, a unit of renewable power generator Saras Spa.

Italy-based independent power producer (IPP) ERG SpA on Friday reported a first-quarter modified net profit from continuing procedures of EUR 84 million (USD 91.7 m), unmodified from a year back, as well as confirmed its full-year assistance.

The Maldives federal government last week released an Invitation for Bids in connection with a tender for the building and construction and also operation of grid-connected solar power systems in the South Asian archipelagic state with a targeted capacity of 20 MWp in total.

Europe needs to invest greater than USD 32 trillion (EUR 29trn) in power as well as associated innovations in between currently as well as 2050 to change to a net-zero economic situation, according to a new report by BloombergNEF (BNEF).

Spanish renewables firm and also power and gas provider Audax Renovables SA (BME: ADX) said it had actually raised the first-quarter net profit by 18% year-on-year to EUR 2.39 million (USD 2.6 m), in spite of a decrease in revenues because of declining energy prices in the markets in which it runs.

Low-carbon energy facilities programmer MPC Energy Solutions (MPCES) announced today it is setting foot in the market of Panama where it, along with companions, has actually already recognized solar opportunities with an incorporated capacity of 60 MWp-70 MWp.

German wind as well as solar park driver Encavis AG (ETR: CAP) said on Monday it took care of to slightly boost its revenue in the initial quarter of 2023 despite less beneficial weather and slightly lower electrical power prices.