Solar Markets & Finance News

There has been fast velocity in utility-scale progress in renewables- solar, wind and also hydro. These made up market share surpassing 20 per cent on 31 days of 2022. There were only 4 such days in 2019.

Developer will provide almost 50MW to the financial institution from its Anglesey solar farm

Renewables developer is acquiring Project Sobral in the state of Ceará from ZEG Energias Renováveis

Emerging startup in solar tech Loom Solar has raised $2 Million funding from US-based Social Investment Managers as well as Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others.

Both firms will certainly develop onshore wind and solar projects, and likewise incorporated offshore wind as well as green hydrogen projects. Masdar stated that its currently developing the 230-MW Garadagh Solar PV Plant in Azerbaijan.

According to the terms of the agreement, the assessment of 100% of the assets in the portfolio amounts to roughly EUR 1.2 billion. Iberdrola will certainly have a majority stake of 51% in the assets and Norwegian fund will have the rest 49%.

The said investment is anticipated to enhance the power generation base the southern African country by majority. First, 500MW of solar energy will certainly be established in the scheme of things.

Power Capital Renewable Energy (PCRE) has actually clinched a deal that will provide it with as much as EUR 240 million (USD 259.9 m) in equity to bankroll the construction of a 1.2-GW solar project portfolio with targeted commissioning by 2025.

Spanish utility group Iberdrola SA (BME: IBE) said on Tuesday that it has actually signed an agreement to offer a 49% stake in its 1,265-MW wind as well as solar portfolio in Spain to Norges Bank Investment Management (NBIM), the supervisor of Norway's sovereign wealth fund.

Industrial as well as digital equipment manufacturer Japan Benex Corporation revealed today it has put into procedure a 746.8-kW direct current (DC) roof solar array in Chiba prefecture on Japan's eastern Pacific coast.

NPV ESG financial investment vehicle is targeting opportunities in OECD markets totaling up to 3.5 GW of capacity

The financial facility has been gathered a consortium of lenders managed by Eiffel Investment Group consisting of Ethias and also the European Investment Bank. It will certainly support the strategies of Power Capital to bring 1.2 GW of solar projects to operation by 2025.

KPI Green claimed in a disclosure prior to stock exchanges that it has actually authorized long-term PPAs with 3 companies. It will certainly make this sale in the interdependent power manufacturer (IPP) segment.

Mytilineos notified that two solar projects are in Queensland and also one in New South Wales. The money assistance for the solar projects has actually originated from ANZ and Westpac that are two of Australia's Big Four banks.

EVLO Energy Storage Inc, a unit of Canadian utility Hydro-Quebec, has actually assigned contractors that will work to understand its utility-scale range solar project with an exclusive battery in the District of Summerland, British Columbia.