Solar Markets & Finance News

UEF will offer grants to RE companies in Nigeria whose projects are developed to connect companies to a clean, budget-friendly as well as trusted electrical power source. The solar energy projects will span most states in Nigeria and be finished within the next one year.

Texas-based OCI Solar Power, part of South Korean power and also chemicals company OCI Co Ltd (KRX:010060), has signed an agreement with Japan's Mitsui & Co (TYO:8031) to partner in the growth of solar projects.

Argentine power firm Genneia has signed a loan agreement to obtain up to USD 85 million (EUR 80.3 m) to finance the building of wind as well as solar projects in the nation.

Sunrun Inc., the leading US property solar firm, has actually exceeded a market record that goes back seven years.

Luminia on Wednesday stated it has actually authorized a memorandum of understanding to get the assets, growth resources as well as project pipeline of community solar developer New Hampshire Solar Garden.

The Newcastle Airport in Australia's New South Wales state, has actually clinched a handle electricity merchant Flow Power that will certainly assist it go all-renewable 7 years ahead of its initial target date in 2030.

American Electric Power (AEP) has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings at an enterprise value of $1.5 billion. The sale portfolio includes 14 projects, representing 1,200 MW of wind and 165 MW of solar in 11 states.

French renewable energy firm Akuo Energy has established its first solar park in Greece, with four PV comprising 1 MW each. This new photovoltaic plant is a result of the MoU signed between the regional authority and local agricultural firms, and is set to give an impetus to the addition of renewable energy sources.

The US Bureau of Land Management (BLM) on Tuesday opened up a public scoping comment duration in order to gather public input on an up to 200-MW solar project by an unit of NextEra Energy Resources LLC in Nevada's Clark County.

Amp US has constructed a portfolio of about 200 MWdc across 39 operating or unfinished projects. The transaction will certainly raise the Palisade Infrastructure Group's complete renewables capacity under management to over 1.8 GW.

The solar-wind expansion caused a decrease in the imports of gas requirements from Russia for power generation by 9 billion cubic meters. Ember report says that wind and also solar capacities will certainly continue to increase and also electricity need is likely to continue to fall over the coming months.

The solar industry is facing unprecedented volatility as polysilicon prices have plunged and rebounded over a short period. Manufacturers have been forced to rapidly adjust pricing strategies, affecting their profits and the world's clean energy supply.

Fiera Infrastructure and Palisade Infrastructure Group have agreed to jointly acquire 100% of the equity interests in Amp US Primary Holdings, a US-based renewable energy generation and battery storage business. This investment will increase the Palisade Infrastructure Group’s total renewables capacity under management to over 1.8 GW.

London-based NextEnergy Capital has achieved the third close of its NextPower UK ESG (NPUK ESG) fund, the UK’s first private investment fund for unsubsidised solar projects, at GBP 595 million.

Galp Solar, a unit of Portuguese energy group Galp Energia SGPS SA, has partnered with compatriot bank BPI to promote solar installations for self-consumption to local businesses. This solution includes bank financing and solar panel installation by professional specialists.