Solar Markets & Finance News

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.

Teraco Data Environments, Africa's largest data center firm, secures $680 million in debt funding to build a 100 MW utility-scale solar farm and expand its data centers with clean energy.

WEC Energy Group buys 80% interest in the 250-MW Samson I Solar Energy Centre in Texas for $250 million, advancing their sustainable energy portfolio.

Its majority-owned subsidiary CSI Solar has actually participated in a multi-year investment agreement with the municipal government of Yangzhou City in Jiangsu Province in China. In initial phase, the company will certainly include a capacity of 14 GW of wafer and also cell production.

Brazilian power utility EDP Brasil SA (BVMF: ENBR3) has taken into procedure 1.25 MW of solar power plants in the nation's south.

French financial investment bank Bpifrance has come to be an investor in compatriot Qair after participating in a financing round sustaining the renewable power manufacturer's growth in the domestic and also international markets.

Canadian Solar Inc (NASDAQ: CSIQ) will discharge 30% of the favored units of CSFS Fund I, its first Italian different mutual fund which holds a 124.2-MWp portfolio of under-construction solar projects across Italy.

General Motors invests $650 million in lithium mining to secure its electric vehicle supply chain and support its future production of more than 1 million EVs annually in North America by 2025.

Wind and solar produced a record 22% of EU power last year, helping Europe to prevent a go back to coal power in the middle of the 2022 energy crisis, according to a report published today by power brain trust Ember.

Banco Santander (BME: SAN) will start using its clients a product that will enable them to obtain financing to equip their homes with photovoltaic (PV) panels, the Spanish lender claimed on Friday.

Norwegian company Norsk Solar AS (FRA:62 L) revealed today that it has received greater than BRL 50 million (USD 9.8 m/EUR 9m) in non-recourse project financial obligation for the installation of 18 MW of solar capacity in Brazil.

UK energy firm SSE PLC's (LON: SSE) Solar and Battery unit has actually acquired the rights to 3 solar sites in the county of Nottinghamshire, East Midlands, which are presently experiencing a formal planning application process.