Solar Markets & Finance News

First Solar is selling up to $700 million of 45X Advanced Manufacturing Production tax credits to Fiserv to become a clean-energy leader and reduce reliance on Chinese-made components. $0.96 of credits per $1 of tax will be received in 2024.

Adani Green Energy Ltd. has achieved a milestone with an 8GW green power project portfolio, securing buyers for the entire capacity over 25 years. Stimulated by post-pandemic recovery, extreme weather and heightened electricity demand, Adani Green is geared up to invest $22 billion to expand capacity to 45GW by 2030.

Ready for power? 2021 will bring a surge of grid-connected projects that will transform energy supply. Get the details now!

Octopus Renewables Infrastructure Trust plc is proposing a merger with Aquila European Renewables plc, to create one of the largest London-listed renewable energy investment trusts, expected to have a market capitalisation of GBP 745 million. ORIT awaits AERS' response as they enter into further discussions in the New Year.

The European Union has allocated €2.17 billion from the Modernization Fund to help nine Member States reduce GHG emissions and improve energy efficiency. Greece, Portugal and Slovenia to benefit from 2024. A joint effort between the EU, EC and EIB.

The US is reportedly considering raising tariffs on Chinese goods, including EVs and solar products, to limit reliance and protect the US green industry. With Biden in office, officials are debating tariffs and looking to review them early in 2021. Potential targets include EV battery packs and consumer products, though the impact on the yuan and Chinese markets may be limited.

Dr. Brabec's research team sets a new world record in OPV efficiency, reaching 14.46%. This breakthrough has the potential to revolutionize our energy future with OPV's flexibility, transparency, and lower environmental impact.

Enphase Energy Inc. and SunPower Corp. join the list of rooftop solar companies hit by rising borrowing costs and decreased demand. Enphase announced 10% workforce reduction and closure of two factories while SunPower shares drop after a breach in credit agreement. Restructuring and asset impairment charges up to $18 million.

NextEnergy Capital has acquired their first US solar project in Florida, an impressive 100MW PV farm that will be equipped with the latest photovoltaic technology. The project is set to come online in the first half of 2025, propelling NextEnergy's fifth investment fund into the future.

Axpo Holding AG, a Swiss power producer, is aiming to revolutionize Italian energy production with 10 GW of solar PV capacity across Europe. Projects include a 3 MW facility supplying Novelis' factory in Lombardy and a 13 MW agrivoltaic park in Calabria. Get ready for a greener future in Italy!

Westbridge has sold its 230-MW Georgetown solar project to Mytilineos SA, marking the Greek industrial group's entry into the Canadian renewables market. The CAD 47.6 million deal marks the start of an agreement for the sale and purchase of a 1,410-MWdc portfolio.

X-Elio secures €35m from Bankinter to develop, operate and maintain three projects totaling 67 MW in Spain, furthering the company's commitment to addressing climate needs.

BCPG is selling its entire solar portfolio in Japan to Danish investor Obton, comprising 104MW of operational plants and 13MW of projects, valued at THB 10.38 billion. The deal is expected to close in the first quarter of 2021.

Shell Plc announces deal to reduce stakes in two renewable energy projects in the US – 182 MW wind repowering project & 180 MW solar park project. Asset management & offtake rights retained, with transactions finalized by 2024 & eligible for IRA tax credits.

China is dramatically changing its power system to boost battery profits and reduce solar payments. 20 provinces and regions have adopted electricity rate regimes that will likely affect solar's economic outlook. With improved economics, China is expected to triple energy storage installations this year. Meanwhile, Australia is pressing China to remove trade impediments concerning live lobster and red meat.