Solar Markets & Finance News

Africa-focused solar designer and also influence capitalist Empower New Energy announced today it has actually recently raised USD 74 million (EUR 71.3 m) in equity, which has permitted it to make new financial investments in Morocco as well as Nigeria.

US investment giant Blackstone (NYSE: BX) on Thursday revealed the conclusion of a deal for a substantial calculated financial investment in Dutch rooftop solar mounting systems solid Esdec Solar Group BV, a portfolio business of European private equity financier Rivean Capital.

In October, 39,611 photovoltaic or pv systems with a complete capacity of 607.0 megawatts (MW) and supported under the nation's Renewable Energy Law (EEG) were freshly registered with the German Federal Network Agency (BNetzA), 14 percent less than in September (691.3 MW).

The Oman Power as well as Water Procurement Company (OPWP) has actually issued an ask for proposals (RfP) for the provision of financial working as a consultant services for the development of the 500-MW Ibri III solar power project in the northwest of the country.

India-based industrial equipment manufacturing company Zetwerk Manufacturing has taken control of Unimacts, a US-based distributor of solar tracker and also wind turbine components, at a valuation of USD 39 million (EUR 37.2 m).

23MW project to feature solar as well as 10MW of battery storage capacity

L&T has selected Chinese significant LONGi to supply 1292MW of PV modules for two solar projects under construction in Saudi Arabia. LONGi VP Dennis She as well as A. Ravindran, Senior Vice President and also Head of the Renewables Strategic Business Group at L&T, jointly authorized the arrangement, entailing two Saudi Arabian projects for which L&T is acting as EPC, at an event held in Dubai.

The finalizing of a long-term renewable energy off-take take care of Meta was recently announced by D. E. Shaw Renewable Investments (DESRI), a significant united state producer of renewable energy. In Phillips Area, Arkansas, the Long Lake Project (additionally referred to as Long Lake) will be a 200 MWac project.

Correlate Infrastructure Partners has actually introduced a solar project completing 3.8 MW at EnerSys's worldwide headquarters in Pennsylvania.

Relocate will certainly bring wind, solar to the retail titan's operations in Europe, North America as well as India

AMEA Power said both 500MW schemes represent a US$ 1.1 bn investment in the country's economy

Move comes as Galileo and Mosaik Energies plan to create a pipe of projects

According to the latest report from the nation's Energy Information Administration (EIA), solar PV generation boosted in the US throughout the initial 9 months of the year by 26.1% when contrasted to the same period last year.

Latin American empire Enel Americas SA (BCS: ENELAM) claimed on Monday that it will certainly invest USD 5 billion (EUR 4.84 bn) in its electricity company in the area under the 2023-2025 strategic plan, and also straight most its investments to Colombia as well as Brazil.

Spanish renewables designer Greenalia introduced on Monday that it has actually acquired three utility-scale solar projects totalling 502 MWp in Texas.