- Meyer Burger has raised CHF 80 million, and successfully placed €145 million worth of convertible bonds to finance/refinance new investments
- A village in Bosnia and Herzegovina has got its 1st solar power plant funded through online crowdfunding
- Ireland based IPP Alternus Energy has got listed on the Euronext Growth Oslo Stock Exchange
- ReneSola has secured 33 MW solar power capacity in the June 2021 renewable energy auctions in Poland
- Enphase Energy has expanded into the 1st market beyond the US for its Encharge Battery Storage System in Germany
CHF 80 million for Meyer Burger: European solar cell and module manufacturer Meyer Burger Technology Ltd., has raised CHF 80 million ($86 million) through a new shares placement on the Swiss stock exchange. It has also successfully placed green senior unsecured guaranteed convertible bonds due 2027 worth €145 million ($156 million) through its German subsidiary MBT Systems GmbH. Management said proceeds from the new shares will be used to finance/refinance new investments, while the German subsidiary will deploy the proceeds to finance/refinance new investments in eligible green projects. Both the private placement drives were oversubscribed. Company’s CEO Gunter Erfurt said this financial flexibility will enable it to accelerate the next growth phase, including entry into the utility scale segment.
Meyer Burger has realized its planned 400 MW solar cell and 400 MW solar module production capacity in Germany, and now it is expanding the same to 1.4 GW for each by the end of 2022, further scaling it up to 4.2 GW each by 2025-end, and to 7 GW each by 2027-end, according to its production capacity roadmap. To this end, in June 2021 the management said it has secured a €185 million loan (see Meyer Burger Raises Capital To Expand Production Capacity).
BiH village gets solar power plant: The Visitor Center Pecka, also referred to as Center for Visitors of Pecka in Bosnia and Herzegovina (BiH) has become the host to the ‘1st’ solar power plant in the country’s rural region, realized through an online crowdfunding campaign bringing together 226 individuals and organizations. Initiated by the center from the municipality of Mrkonjić Grad, and the Center for the Environment from Banja Luka, the Solar Pecka project was conceived in May 2019 with a crowdfunding campaign to be installed on the Visitor Center Pecka’s rooftop. Its completion was finally announced on June 27, 2021. The Center for the Environment believes this project shows that sustainable civic energy projects are possible in the country despite all current financial, technical and legislative challenges. Details of the campaign and project can be viewed on the Center for the Environment’s website.
Alternus Energy listed on stock exchange: Ireland based independent power producer with pan-European operations in the space of grid connected utility scale solar PV parks, Alternus Energy Group Plc., has got listed on Euronext Growth Oslo Stock Exchange from June 30, 2021 with trading code ALT. It plans to use the proceeds to continue executing on its 1.4 GW contracted backlog of projects.
Currently it has 39 self-owned or contracted solar parks in Germany, Italy, Netherlands, Romania and Poland representing over 150 MW capacity. By the end of 2025, it aims to own and operate more than 3.5 GW capacity as it targets to become one among the largest pan-European IPPs by the end of 2030. Alternus added more than 250 MW solar development capacity to its pipeline in June 2021 when it acquired 60% stake in Netherlands based Unisun Energy (see Alternus Buys 60% Stake In Unisun Energy).
In October 2020, another Norwegian floating solar firm Ocean Sun got listed on Merkur market having raised NOK 100 million for its IPO (see Ocean Sun Raises NOK100m In IPO).
ReneSola claims 33 MW win in Poland: ReneSola Ltd., has won 30 solar power projects representing 33 MW capacity in the June 2021 renewable energy auctions concluded in Poland. Specifically, it has secured 29 solar projects with 1 MW capacity each, and 1 large scale solar project with 4 MW capacity. It aims to bring this capacity online over the next 2 years. This win makes ReneSola eligible for the 15-year guaranteed tariff under the country’s Contract for Difference (CfD) regime for all the winning projects whose winning price averaged close to $58.00 per MWh for the 4 MW facility, and $61.00 per MWh for 1 MW projects. Solar PV technology reigned both the auctions in Poland (see Solar Dominates Polish Renewable Energy Auction).
Enphase’s battery storage system in Germany: Enphase Energy, Inc. has launched its Encharge battery storage system in Germany, and called it the product’s 1st expansion outside the US where the company is headquartered. The new product has a configuration of 3.5 kWh to 42 kWh with an option to upgrade and expand throughout its lifetime. Enphase will initially offer this product in Germany through its distributor IBC Solar AG, and has more distributors coming online going forward.