Solar Markets & Finance News

Since the Inflation Reduction Act became law in August 2020, companies have announced more than 100,000 clean energy jobs in the US, according to an analysis by the nonprofit advocacy group Climate Power. The law provides billions of dollars in tax credits and other incentives to develop green industries.

Colombia has become the first country to benefit from the Climate Investment Funds (CIF), receiving a $70 million loan to transition to clean energy. This loan will help build infrastructure for renewable electricity transmission, including batteries, transmission lines, and green hydrogen facilities.

Norwegian renewable resource power producer Scatec ASA reported proportionate revenues of NOK 1.995 billion ($ 195 million) in the fourth quarter of 2022, up nearly 71 percent from NOK 1.169 billion ($ 114 million) in the fourth quarter of 2021. For the complete year 2022, sales raised to NOK 5.957 billion ($ 583 million), up nearly 38 percent from NOK 4.329 billion ($ 423 million) a year previously.

German independent power producer SUN IPP GmbH & Co KG, part of solar installer SUNfarming Gruppe, has gotten EUR 50 million (USD 53.9 m) in debt financing to bankroll the construction of 257 MWp of solar projects in Poland.

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).