Solar Markets & Finance News

WATT to install 5.6 MW of solar arrays for significant bank in Nigeria

Africa-focused lasting power remedies supplier WATT Renewable Corporation said on Tuesday that it won a USD-10-million (EUR 9.33 m) contract to install solar arrays and also power storage in Nigeria for an unnamed financial institution.

May 26, 2023 // Markets & Finance News, Africa, Nigeria, solar arrays, WATT

Residential solar battery maker Sonnen doubles manufacturing capacity

German property solar battery manufacturer Sonnen GmbH has doubled its manufacturing capacity as well as can currently produce 120,000 home storage systems annually at its headquarters in Bavaria much earlier than initially prepared.

May 26, 2023 // Residential, Markets & Finance News, Storage, Sonnen

Cannon-Brookes vehicle to buy Sun Cable out of administration

Sun Cable will certainly be gotten by an entity affiliated with Grok Ventures, a financial investment vehicle of Australian billionaire Mike Cannon-Brookes, as revealed on Friday by the voluntary administrators of the company, namely FTI Consulting.

May 26, 2023 // Markets & Finance News, Sun Cable, Cannon-Brookes

Enefit Green takes FID on 74-MW solar project in Estonia

Renewable resource manufacturer Enefit Green AS (TAL: EGR1T) revealed today it has actually taken the last financial investment decision (FID) on the 74-MW Sopi solar project at home in Estonia, with strategies to commission the facility in 2025.

May 26, 2023 // Plants, Large-Scale, Markets & Finance News, Europe, Estonia, Solar Project, Enefit Green

Enel halts stake sale in Greek renewable business - report

The suggested sale of a 50% passion in Enel SpA's (BIT: ENEL) Greek renewable energy subsidiary has actually been momentarily frozen, Greek news website Newmoney reports.

May 26, 2023 // Markets & Finance News, Market Research, Greece, Enel, Europe

Foresight fund buys 107 MW of UK battery projects from Clearstone

British renewables developer Clearstone Energy has offloaded a 107-MW portfolio of battery energy storage systems (BESS) in the South of England to Foresight Energy Infrastructure Partners for an undisclosed sum.

May 25, 2023 // Markets & Finance News, Storage, UK, Europe, Clearstone Energy, Foresight Energy Infrastructure

Solar connection start-up ConnectDER banks USD 27m in fund-raiser

ConnectDER, a United States provider of meter collars for home solar connection, has actually pulled in USD 27 million (EUR 25.1 m) in fresh capital to broaden its organization in a Series C funding round led by Energy Innovation Capital (EIC).

May 25, 2023 // Manufacturing News, Markets & Finance News, USA, North America, ConnectDER

Tigo Energy combines organization with acquisition firm and goes public

Roth CH Acquisition IV Co., a publicly traded unique objective acquisition company, has actually revealed the completion of its service combination with Tigo Energy on May 24.

May 25, 2023 // Markets & Finance News, Tigo Energy

Solar investment outshines oil: IEA

Investment in solar power is anticipated to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA stated in a report Thursday.

May 25, 2023 // Markets & Finance News, IEA

Gresham House raises ₤ 50m to fund United States solar-storage spree

Net profits of current issue will be purchased 160MW of PV with collocated battery projects in California

May 25, 2023 // Markets & Finance News, Storage, USA, North America, Gresham House, Ben Guest, John Leggate

Residential solar growth boosts Italy's Q1 solar additions

Italy brought online 1,058 MW of solar photovoltaic or pv (PV) parks in the very first quarter of 2023, getting to a cumulative set up capacity of over 26,100 MW, reveals data released by the domestic solar power association Italia Solare.

May 25, 2023 // Residential, Markets & Finance News, Italy, Europe

Statkraft posts 2nd-highest quarterly EBIT result

Norwegian state-owned utility Statkraft AS on Tuesday posted a 2.7% year-on-year increase in underlying operating earnings (EBIT) for the period January-March 2023.

May 25, 2023 // Markets & Finance News, Statkraft

JinkoSolar strategies financial investment of almost USD 8bn in new Chinese factories

Chinese solar module manufacturer JinkoSolar Holding Co Ltd (NYSE: JKS) made a couple of news on Wednesday in relation to its majority-owned principal operating subsidiary, including an enormous financial investment plan of CNY 56 billion (USD 7.94 bn/EUR 7.38 bn).

May 25, 2023 // Manufacturing News, Markets & Finance News, China, JinkoSolar, Asia

Toyota signs 100-MW solar PPA in Kentucky with Savion

Toyota Motor North America Inc claimed today it has signed a virtual power purchase agreement (PPA) with United States solar programmer Savion LLC to offtake 100 MW of energy from the latter's Martin County Solar Project in Kentucky.

May 25, 2023 // Plants, Markets & Finance News, USA, Toyota, PPA, North America, Kentucky, Savion

India brings online 12.5 GW of solar, wind in FY 2022/23

India's cumulative mounted sustainable generation capacity reached 125.2 GW at the end of March 2023, with over half of it originating from the solar market, which is forecast to add some 18 GW during the current year, JMK Research says in a new report.

May 25, 2023 // Markets & Finance News, India, Asia

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