Solar PV manufacturing conference: One of the upcoming destinations for solar PV manufacturing beyond China is India, where companies are gathering support from technologists and scientists to develop an upstream value chain. The idea is not just to establish vertical integration but also to make it a resilient and sustainable one. TaiyangNews is bringing together the country’s leading solar PV players, and international experts to discuss the progress of solar PV manufacturing in the Asian country in a 2-day event in New Delhi, India on April 10 and 11, 2025. Germany’s International Solar Energy Research Center (ISC) Konstanz will be in attendance with its Co-Founder and Director Dr. Radovan Kopecek joining the session on the status and outlook for cell and module technologies. He will be joined by speakers from Fraunhofer ISE, Huasun Energy, and the Indian Institute of Technology, Bombay (IIT Bombay). Registrations for the TaiyangNews Solar Technology Conference India 2025 are open now with an early bird ticket discount available here. Take a look at the list of speakers and insightful sessions planned.
Xinzi files for US IPO: Chinese solar PV module encapsulation maker Xinzi has filed for its initial public offering (IPO) with the US Securities and Exchange Commission (SEC). It expects to receive net proceeds of over $7 million by offering 1.5 million shares priced within the range of $4.00 to $6.00/share. The Chinese manufacturer says it will use the proceeds to purchase raw materials and factory equipment, expand, and improve internal control, among other uses. Its current annual production capacity stands at 3 GW. The purchase of new equipment and raw materials with the help of this issue affords the company the potential to expand its manufacturing capacity to 15 GW, which will increase its present 2% to 3% market share to 10% to 15%.
PPA for 200 MW solar plant: The US arm of Germany’s RWE AG has signed a power purchase agreement (PPA) with tech giant Meta Platforms for the 200 MW AC Waterloo Solar Project in Texas. The Bastrop County-located facility will supply 100% of its solar electricity generation to Meta to support its growing regional operations and data center capacity in the US state. The project is scheduled to enter construction in late 2025. This is the 3rd long-term PPA between the 2 companies, representing a combined offtake of 574 MW from RWE’s projects in Texas, Illinois and Louisiana (see Meta Invests In 2 New Solar Farms With 374 MW Combined Capacity).
X-Elio’s 172 MW VPPAs: Brookfield-backed X-ELIO has signed 6 virtual power purchase agreements (VPPA) with Cisco, Biogen, IDEXX Laboratories, and Water Corporation for 172 MW solar in the US. The transaction for purchaser-caused energy attribute certificates (PC EAC) relates to the Star Dairy and Rosebud solar farms of X-Elio. Facilitated by Sustainability Roundtable, Inc. (SR Inc.), through its Net Zero Consortium for Buyers (NZCB), this transaction will support the latter’s goal of causing 10 GW of new renewable energy capacity through 2030.
$400 million for Catalyze: Independent power producer (IPP) of distributed renewable energy assets Catalyze has secured a $400 million multi-year debt facility. It raised the proceeds from ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds. It will use the proceeds to construct and aggregate its growing portfolio of commercial and industrial (C&I), community solar, and battery storage projects across the US. These comprise 300 MW in operation and construction and an over 1 GW project development pipeline.
$334 million for NorthStar: CMS Energy subsidiary NorthStar Clean Energy has raised up to $334 million in construction-to-term financing for 250 MW solar capacity in Michigan, US. It comprises the 200 MW Branch Solar Project and the 50 MW Genesee Solar Project. The latter is located in a historically disenfranchised community in Genesee County. The lead arrangers of the transaction were BNP Paribas, MUFG and SMBC.
Dimension Energy’s credit facility upsized: US-based community solar and battery storage developer Dimension Energy recently announced the upsizing of a corporate credit facility to $300 million. Co-led by Deutsche Bank and Nuveen Energy Infrastructure Credit, the facility was upsized from $150 million to a total commitment of $300 million. It will further the deployment of Dimension’s 3.5 GW community solar pipeline (see $150 Million For 2 GW US Community Solar Development).
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