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Aker Horizons raises USD 117m to scale up green power projects
to create green worth chains for power-intensive markets in Narvik, northern
Nov 5, 2021 // Markets & Finance News, SCOTLAND, aker horizons, Baillie Gifford
Romania's Cemacon to invest 1.05 mln euro in 455 Wp PV park
be covered by a give from Norwegian company International Development Norway. Cemacon was founded in 1969 in Zalau and also concentrated on the
Jun 28, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, Romania, PV Power Plant, Cemacon
Solgrid, Soltech Partner for 300 MW Solar in Sweden
Energy Solutions, part of the Soltech Group, has partnered with Solgrid of Norway The partnership involves the development and operation of roughly 300 MW
Jun 20, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Sweden, Europe, Solgrid, Soltech
Scatec Signs Fifteen-Year PPA For 130-MW Solar In Colombia Project
Norway’s Scatec has signed a 15-year PPA for a 130-MW solar project in Colombia, advancing one of the country’s larger utility-scale PV builds. The company plans majority ownership, with Norfund as a minority equity partner, and is targeting non-recourse financing with roughly 65% leverage. Financial close and construction start are expected in 2025. Colombia’s solar pipeline has gathered pace as policymakers diversify a system long dominated by hydro and gas. Contracted offtake provides revenue stability in a market with weather-sensitive hydro output and evolving spot prices. For lenders, the combination of experienced sponsors, long-dated contracts and proven technology ticks key bankability boxes. On the ground, engineering will focus on high-irradiation layouts, robust foundations for seasonal rains, and plant controls tuned for local grid codes—fault ride-through, reactive power capability, and remote dispatch. While storage isn’t part of the base case, co-location remains an option to shift energy into evening peaks and provide fast-response services as the system’s renewable share grows. If Scatec hits its financing and construction milestones, the plant will add dependable clean energy and broaden Colombia’s regional footprint for utility-scale PV, complementing distributed projects now appearing on commercial rooftops.
Sep 4, 2025 // Plants, Large-Scale, Commercial, Scatec, PPA, South america, utility-scale, Colombia, project finance
Borehole thermal power storage space for solar
Eiendom KF-- a firm had by the district of Drammen, Norway-- has actually created a project to save solar power as warm. The system can keep power given by
May 22, 2020 // Storage, Europe, Norway, Randi Kalskin Ramstad
Reliance purchases REC Group, prepares to sustain new module centers in France and US
from China National Bluestar for US$ 771 million as it seeks to support the Norway-headquartered company expand its solar manufacturing capability to more than
Oct 11, 2021 // Manufacturing News, USA, EPC, France, India, Europe, Asia, REC Group, Singapore, North America, sterling and wilson, acquisition, Reliance Industries
Convalt reserves 2% of its NY solar panel production capacity to European firm SoliTek
its sales in Sweden climbed by 25% this summer season, and also exports to Norway increased by practically 13%. Having seen expanding need, SoliTek plans to
Nov 9, 2021 // Manufacturing News, USA, solar panel, North America, SoliTek, Convalt
Solar capitalist Empower raises USD 74m to proceed with new projects in Africa
Climate Fund Managers (CFM), with engagement from investment funds Norfund of Norway and Janeiro Energy of Brazil. Equip expects the fresh capital to allow it to
Dec 1, 2022 // Markets & Finance News, Africa, Empower
Norfund invests in MOPO, scaling solar battery rentals across Africa
Norway’s state-backed fund Norfund has invested GBP 5 million (about USD 6.75 million) in Mobile Power (MOPO), a UK company operating solar-powered battery rental networks across Sub-Saharan Africa. The capital will help MOPO expand its “pay-per-use” model that charges portable batteries at solar hubs and rents them to households and small businesses—an alternative to costly diesel and unreliable grids. MOPO’s approach addresses three pain points at once: access, affordability, and resilience. Customers avoid big upfront costs, pay only for the energy they use, and gain a reliable service that isn’t tied to volatile fuel prices. For communities, the model supports productive uses—lighting, phone charging, point-of-sale, refrigeration—while building local jobs around charging hubs and last-mile logistics. For Norfund, the deal fits a broader thesis: distributed solar paired with storage can leapfrog traditional infrastructure in underserved regions. Portfolio economics improve as sites standardize hardware and software, route maintenance through local partners, and integrate mobile payments to curb churn and defaults. The investment also signals growing institutional comfort with off-grid business models that blend impact and returns. If MOPO scales as planned, expect more capital to follow into modular, replicable platforms that deliver clean electrons and economic opportunity far from national grids.
Sep 12, 2025 // Markets & Finance News, Europe, Africa, Norway, norfund
Ghana's very first reciprocal solar PPA
Norway-based Empower New Energy has actually safeguarded among Africa's very first power acquisition contracts (PPAs) for the supply of solar power. Encourage, which has a concentrate on project release in sub-Saharan Africa, stated Ghanaian plastic maker Miniplast Limited has actually consented to acquire electrical power from a 704 kW roof solar array to be set up on its production and also reusing center in Accra, in the Ghanaian funding. " The plant will certainly be mounted and also run by Stella Futura Ltd under a power sales contract authorized in between the 3 companions," Empower New Energy claimed. "The financial investment will certainly be made with a regional project firm bulk had by Empower Invest, the effect mutual fund handled by Empower New Energy." Stella Futura will certainly serve as EPC professional for the project. Terms The economic regards to the PPA were not exposed. The roof setup is slated to come to be functional in July. A reciprocal solar PPA in Africa was checked in January 2019 in between Egyptian solar business SolarizEgypt and also the Arabian Cement Company. Ghana is enhancing initiatives to increase the share of renewables in its electrical energy mix. Under its power method, the country desires 2.5 GW of renewable resource generation ability-- possibly consisting of hydroelectric-- by 2030. Ghana had simply 64 MW of solar ability at the end of 2018, according to International Renewable Energy Agency stats.
Feb 21, 2020 // Markets & Finance News, PPA, Africa, Ghana, Miniplast, Empower New Energy AS, Stella Futura Ltd
Magnora increases South African renewables portfolio with developer purchase
bargain will certainly bring Norway-based Magnora's South African renewables portfolio to around 1.7 GW as it tackles AGV's project rights of more than 800MW of
Feb 16, 2022 // Markets & Finance News, UTILITY-SCALE SOLAR, Africa, South Africa, m&a, magnora
Reliance formally obtains 15.5% stake in Sterling and Wilson
solar module manufacturer REC Group for US$ 771 million to sustain the Norway-headquartered business grow its solar manufacturing capacity to greater than
Jan 4, 2022 // Markets & Finance News, EPC, India, Asia, sterling and wilson, acquisition, Reliance Industries, Reliance New Energy Solar
European Energy gets approval for Swedish solar park
also in manufacturing in 2024," said Peter Braun, Head of Projects in Sweden, Norway and also Finland for European
Oct 31, 2022 // Plants, Large-Scale, Commercial, Sweden, Europe, european energy, PV Power Plant
REC Group validates license activity versus Hanwha in China
Korean competing Hanwha Q Cells' Qidong service device in February. The Norway-based solar module production service, which is eventually had by the Chinese
May 15, 2020 // Manufacturing News, South Korea, China, Asia, REC Group, Hanwha
Britishvolt settles website for $3.4 bn battery factory in UK
statement mentions the possibility of using hydro-electric power produced in Norway, transferred 447 miles under the North Sea using the world's lengthiest
Dec 14, 2020 // Manufacturing News, Storage, UK, Europe, Britishvolt, Orral Nadjari