Simon Yuen

A round-up of the latest news from the US market, including Ameren’s progress on a 200MW solar installation acquisition in Missouri, Avantus breaking ground on a PV plant in Texas and EDF Renewables receiving approval for a 300MW solar project. 

PV tracker solutions provider Nextracker has set its initial public offering (IPO) price at US$24 per share, raising a total of US$638 million.

More power purchase agreements (PPA) were signed last year, although contracted PPA volumes dropped by more than 20%, according to the European PPA Market Outlook 2023 conducted by Pexapark.

Module manufacturer Meyer Burger has signed a supply agreement for silicon wafers with Norwegian solar energy company NorSun. 

Italian renewables company Altea Green Power has signed a co-development agreement with Irish renewable energy developer Aer Soléir to build a capacity of 300MW in the next 36 months.

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market.

Solar power will dominate new electric-generating capacity additions in the US this year, according to the Energy Information Administration's (EIA) Preliminary Monthly Electric Generator Inventory.

Oil company Eni's renewables subsidiary Plenitude has inaugurated a 263MW solar PV plant in Texas.

Renewables asset owner Brookfield Renewable has reported 2022 net income of US$138 million, improving from a loss in the same period a year earlier of US$66 million. Whilst in Q4 2022, it recorded net income of US$60 million, increasing from US$33 million in Q4 2021.

US tracker manufacturer Array Technologies has won a contract to supply solar trackers for a 130MWdc solar farm in Australia.