Solar Markets & Finance News

The European Bank for Reconstruction and Development (EBRD) is giving USD 5.5 million (EUR 5.5 m) to the renewable resource subsidiary of Egyptian power business TAQA Arabia to construct as well as operate a 7-MWp solar photovoltaic (PV) project in El Minya, Egypt.

The International Solar Alliance has actually signed a $10m grant agreement with GEAPP

This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded. The fintech company expects the Inflation Reduction Act to speed up clean energy items' fostering with customer incentives and tax breaks.

Bank of America will sustain distribution of about 255 MW of solar as well as wind generation and also 50 MWh of storage projects by CrossBoundary. CrossBoundary is presently delivering a portfolio of $230 million in projects for more than 30 business customers throughout 14 African nations.

The corporate PPA market in Asia is finally supplying on guarantee, mirroring the impact this market can make on new renewable capacity as seen in the North American and also European markets. In India, this is also demonstrated by the active rate of interest of large programmers, who have actually announced plans for this over utility scale projects in some cases.

Global independent power producer (IPP) Sonnedix Power Holdings Ltd has actually obtained a 262-MWp solar PV portfolio in Portugal, making its entrance into the marketplace.

German solar as well as wind farm driver Encavis AG (ETR: ECV) has actually purchased a solar carport in the Dutch district of Flevoland with a total power producing capacity of 37.6 MW.

Dutch investment manager DIF Capital Partners will spend EUR 150 million (USD 150m) in Nordic solar designer Alight AB and also obtain a majority stake in the business, the parties introduced today.

Jindal Power has actually invited bids for 150 MW of MONO PERC solar modules for setting up solar projects in various places throughout facilities possessed by Jindal Power in Odisha and also Chhattisgarh. The last date for submitting the online bid is November 15, 2022, & bids will certainly be opened on the same day.

ReNew Power has actually obtained a loan from Bank of America completing approximately Rs 800 crore, the lender's initial local project financing arrangement in the renewable energy market after a protracted absence.

Utility-scale solar and also wind each added a lot more creating capacity than natural gas during the initial nine months of 2022, according to a SUN DAY Campaign evaluation of FERC information. FERC's newest three-year forecast suggests that installed natural gas capacity will certainly begin to decline by 2025 while solar as well as wind continue to rapidly increase.

Array Technologies, among the globe's biggest providers of utility-scale solar tracking technology, will provide its DuraTrack solar trackers for a 750-MWDC project in Ohio, established by EDF Renewables North America.

United States private equity firm KKR & Co Inc (NYSE: KKR) means to inject USD 400 million (EUR 399.9 m) right into India-based renewable power and clean power services carrier Serentica Renewables.

US engineering services solid Bowman Consulting Group Ltd (NASDAQ: BWMN) intends to more increase the growth of its renewable energy service through the procurement of SEI Engineering LLC (SEIE), a local supplier of technical solutions to programmers as well as proprietors of solar plants.

Spanish electrical utility Endesa SA (BME: ELE) posted an ordinary net profit of EUR 1.47 billion (USD 1.47 bn) for the initial 9 months of 2022, up by just 0.7% year-on-year, the company said in its earnings report on Tuesday.