Solar Markets & Finance News

Company acquires majority stake in two solar projects with a combined capacity of 700MW

Majority rate of interest in the 33MW PV project has actually been bought from LNF Solar Development

ACEN Corporation (PSE: ACEN), the power platform of Philippine conglomerate Ayala Group, today confirmed solar project awards totalling 1,120 MW in a renewable energy tender in New South Wales.

US renewable resource team SPI Energy Co Ltd (NASDAQ: SPI) has committed to spending USD 65.9 million (EUR 60.2 m) in a project that will increase its solar wafer as well as module production in South Carolina, according to growing demand for US-made products.

The Thai Binh Investment as well as Trading Corporation of Vietnam released two projects in Cuba. These included a laundry detergent plant and also a solar power park.

Acquisition set to fuel company's expansion in United States

The most up to date investment improves the $400 million financial investment from KKR in November 2022. Serentica Renewables will mount 4000MW of renewable resource capacity that will certainly help clean energy shipment to large-scale industrial consumers.

Renewable energy facilities financier True Green Capital Management LLC has actually struck an offer to acquire a majority stake in clean energy supplier CleanChoice Energy and back its 300-MW solar growth pipeline

New South Wales has actually picked 1.4 GW of wind, solar and also battery storage projects in its maiden auction for renewable energy capacity targeted at aiding the Aussie state move far from coal-fired generation.

Norwegian state-owned power business Statkraft AS has obtained approval for 227.5 MW of solar projects from Brazilian power sector watchdog Aneel.

Renewable energy giant EDP Renovaveis SA (ELI: EDPR) said on Thursday it has authorized an agreement to market the output of a 110-MW solar project in the United States state of Illinois.

US thin-film photovoltaics (PV) maker First Solar Inc (NASDAQ: FSLR) on Thursday reported a big quarter-on-quarter decrease in sales, while validating its full-year guidance.

Chile created 36.8% of its power in March from non-conventional eco-friendly sources, Chilean national power commission CNE said in its newest renewables report.

Liddell power plant near Sydney to be changed by huge battery Country is undergoing rapid shift from coal to renewables

SunPower has made a minority investment in Minnesota solar installation company Wolf River Electric. Through this connection, Wolf River is expected to accelerate its currently high development trajectory in Minnesota alongside an expanding existence in Iowa and also Wisconsin, enabling the business to serve more consumers on the market as well as boost solar adoption in historically underpenetrated areas.