SB Energy Global Raises $2.4 Billion For US Solar Projects
Softbank Group-Backed Company Claims To Be 1st To Achieve Financial Close With IRA Benefits
SB Energy Global has announced raising well over $2 billion in financing to support the construction of 4 utility-scale solar power projects in the US.
Hanwha Solutions Suspends Production At South Korean Fab
South Korean Manufacturer Trains Lens On US PV Market While Discontinuing Eumseong Module Factory
Hanwha Solutions is discontinuing its solar PV production site in Eumseong, South Korea from December 17, 2023 as it focuses attention on the lucrative US market to maximize Inflation Reduction Act (IRA) related tax benefits. In a stock exchange an.
BP To Take Full Control Of Solar Developer Lightsource BP
British Oil & Gas Major Eyes Double-Digit Equity Returns From Solar With £254 Million Acquisition
British multinational oil and gas producer bp plc has agreed to take over complete ownership of its solar development joint venture (JV) Lightsource bp with a base equity value of £254 million ($322 million).
Fierce Cut-Throat Competition In Polysilicon, In 2024
Bernreuter Research Cautions Solar PV Industry To Brace For Growing Polysilicon Oversupply
Anticipating polysilicon oversupply in 2024 as more and more manufacturers bring new capacity online, especially China’s Tongwei, Bernreuter Research warns of fierce cut-throat competition in this space in a new report.
China To Install Well Over 200 GW Solar In 2023
Citing Low Module Prices, BNEF Revises Global Solar PV Forecast Up To 415 GW With 240 GW In China
Bloomberg New Energy Finance (BNEF) has revised its global solar PV installation forecast for 2023 to between 410 GW and 415 GW, with China contributing as much as 240 GW.
American Food Producer Turns Offtaker For Solar In Spain
Statkraft Bags 11-Year Power Purchase Agreement With Mondelēz For Andalusian Solar Project
The Spanish presence of the American food production company Mondelēz International has entered an 11-year power purchase agreement (PPA) to procure solar power for its local operations in Spain.
Solar & Storage Farm Powering BHP’s Nickel Mine
Hybrid Renewable Energy Project To Replace Diesel & Gas For Mining Operations In Australia
Mining company BHP Group Limited and Canadian electricity generator TransAlta Corporation have announced the completion of what they call is one among the world’s largest off-grid mining solar and battery storage facilities.
Lightsource BP Launches New Collective PPA Framework
BP’s Solar JV Introduces Business Model To Aggregate Clean Energy Demand From Smaller Firms
Lightsource bp, the British solar power projects developer, has unveiled a collective power purchase agreement (PPA) model to aggregate demand from European corporates with smaller energy needs, for its Spanish solar assets.
European Energy Raises Green Portfolio Financing
€150 Million SEB & DNB Financing For Danish Renewables Developer For Renewable Energy Projects
Two Scandinavian banks SEB and DNB have pooled in €150 million to help Danish renewable energy developer European Energy to accelerate its deployment of new wind and solar energy projects. Lent under the new financial instrument called the Gree.
Falling Solar Module Prices To Boost Indian Installations
CRISIL Pegs 16 GW New PV Capacity Addition In Fiscal Year 2023 As Investment Returns Improve
Indian credit ratings agency CRISIL Ratings believes India is likely to see 16 GW of new solar PV capacity addition in fiscal year 2023, its fastest annual to date.
BNEF: Solar Can Triple Global Renewables Capacity By 2030
World Can Meet 11 TW Proposed COP28 Renewable Energy Goal With Solar Alone, But Need Balanced Growth
The call by the COP28 presidency to triple global renewable energy capacity to 11 TW by 2030, from 3,600 GW in 2022, can be achieved by solar alone as it is ‘cheap and easy,’ according to the Bloomberg New Energy Finance (BNEF).
BlackRock Raises Around $1 Billion For New Energy Fund
European Investors Pool In Money For Energy Transition & Evergreen Infrastructure Fund
Global asset manager and investor BlackRock says it has achieved first close on its Evergreen Infrastructure fund, having raised close to $1 billion, to invest in energy transition and energy security infrastructure in Europe and North America. T.
Maxeon Shipped 628 MW Solar Modules In Q3/2023
A Widened GAAP Net Loss Later, Maxeon Settles SunPower Dispute, Announces Capacity Expansion
Maxeon Solar Technologies, the SunPower Corporation spin-off, has announced reaching a settlement with SunPower after their dispute negatively impacted its Q3/2023 financials.
70 MW Agrivoltaic Project Commissioned In Italy
HEINEKEN & Philips To Offtake Solar Power From Cero Generation’s PV Plant On Farm Land
The European solar energy platform of Macquarie’s Green Investment Group, Cero Generation, has switched on a 70 MW agrivoltaic project in Italy’s Lazio region as one of the largest solar power plants in the country. Cero says the project is the.
SunPower Spin-Off Launches Another Patent Lawsuit
Maxeon Solar Accuses China’s Aiko Solar Of Infringing On Its Proprietary Solar Cell Architectures; Complaint Mentions German Distributor Memodo Too
Singapore-based solar PV manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against Shanghai Aiko Solar Energy in Germany, accusing it of infringing on its back-contact cell architectures.
Boost For French Solar Cell & Module Manufacturing Plans
ARMOR GROUP Becomes 20% Shareholder In Holosolis To Support Perovskite-Silicon Tandem Tech
The French solar PV manufacturing startup Holosolis has secured organic photovoltaics (OPV) company ARMOR GROUP as a stakeholder, giving a boost to the company’s tandem PV cell and module production plans in France’s Sarreguemines region. The.
CSIQ’s Q3/2023 Revenues Drop With Lower ASPs
Canadian Solar’s Adjusts Manufacturing Plans; Pins Hopes On Growing Storage Business
Solar PV modules manufacturer Canadian Solar has lowered its solar manufacturing targets after reporting 22% QoQ and 4% YoY decline in Q3/2023 net revenues, thanks to lower project sales and decline in average module ASP.
Aigen Bags Funding To Expand Manufacturing Capacity
Solar & AI Powered Robotics Company To Use $12 Million To Bring Technology In Mass Production
Artificial Intelligence (AI) powered solar agriculture robotics company Aigen is inching closer to building its 7,500 sq ft manufacturing and R&D facility in the US, having raised $12 million in Series A financing.
SMA Solar’s 9M/2023 Net Income Grows To €180.4 Million
Reporting Strong Growth In All Business Segments, German Inverter Maker Reiterates 2023 Annual Sales Guidance
Solar PV inverter manufacturer from Germany, SMA Solar Technology AG has reported strong financials for all business segments in 9M/2023 with almost an 85% YoY increase in consolidated sales.
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