Solar Markets & Finance News

US renewable energy player Pristine Sun Corporation has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects. This will allow the firm to develop, finance, and build up to 5 GW of its solar projects.

US technology conglomerate Meta Platforms Inc. (NASDAQ:META) has taken a step towards its goal of sourcing 100% renewable energy for its operations by signing a multi-year contract with energy and commodities trader Vitol. The contract involves the purchase of renewable energy credits and other environmental attributes from Vitol's 50-MW Ocotillo Wells solar project in California.

Ukraine and the European Commission have opened joint consultations to launch a large-scale program of solar energy production by households and communities with the EU. Prime Minister Denys Shmyhal emphasized the importance of the EU's readiness to support Ukraine's efforts to implement the Peace Formula.

TotalEnergies said on Friday that it is selling a 50% risk in the 234-MW wind and solar portfolio in France to French insurance firm Credit Agricole Assurances.

US data centres outfit Digital Realty (NYSE: DLR) and also French utility Engie (EPA: ENGI) today unveiled a power purchase agreement (PPA) that will support the deployment of a 154-MW solar power plant in Germany.

Mexico invites investment by all nations in its clean energy tasks, its foreign minister claimed on Thursday, releasing a diplomatic charm offensive amid international concerns over questionable power reforms.

Better Energy and Industriens Pension expand partnership to develop 15 new sites in Denmark, Poland and Sweden

Vitol and Meta have entered into an agreement to provide renewable energy credits and other environmental attributes from a 50MW solar and storage plant in California. This is part of Vitol's growing corporate offering to enable companies to source renewable energy for their operations.

French renewable power manufacturer Neoen SA (EPA: NEOEN) on Wednesday claimed it anticipates its 2022 readjusted EBITDA to be slightly above EUR 410 million (USD 447m), simply surpassing the firm's most current upgraded guidance.

Australia's Infinite Green Energy, which last year transformed its name to better reflect its concentrate on green hydrogen, has completed the acquisition of the 11-MW Northam solar park in Western Australia to power a 10-MW electrolyser.

Greek industrial team Mytilineos SA (FRA: MYH) has authorized a deal to offer electrical energy from a 4.9-MW solar park in Italy to power a local factory of French building products manufacturer Compagnie de Saint-Gobain SA (EPA: SGO).

Solar energy innovation company Nextracker Inc. is seeking to raise as high as $535 million in what could be among the initial major US initial public offerings of the year.

Our Next Energy Inc (ONE), a Michigan-based energy storage technology company, has raised $300 million in a Series B round, valuing the company at $1.2 billion post-money. This capital will fund ONE's first lithium iron phosphate (LFP) battery cell factory, and marks a shift from venture capital-funded start-up to a manufacturer supported by growth capital.

Luxembourg-based capitalist Three Seas Initiative Investment Fund SA SICAV-RAIF (3SIIF) has actually requested antitrust approval to take joint control of Polish solar project developer R.Power, competition regulatory authority UOKiK stated on Tuesday.

The firm has actually made these additions via 133 new projects in 11 countries. In India, a third 200 MW wind-solar hybrid project was included in Amazon's initial two wind-solar hybrid projects.