News

Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland.

US residential solar and storage supplier Sunrun has closed US$835 million in non-recourse financings, spread across three tranches.

Lithuanian renewable energy company Green Genius has secured financing from Polish bank entity mBank to build 69MW of solar plants in Poland.

The share of renewables in net electricity generation in Germany nearly accounted for half of total power generation in 2022 with 49.6%, according to the Fraunhofer Institute for Solar Energy Systems (ISE).

A Madrid-headquartered developer has proposed a solar-plus-storage system in Spain with a 100MW/200MWh battery energy storage system (BESS).

US independent power producer (IPP) Silicon Ranch has conducted a US$600 million equity raise, bringing its total funds raised in 2022 to over US$1 billion.

The Indian government has approved its national green hydrogen mission which aims to add 125GW of renewable capacity for that purpose by 2030.

PV manufacturer Huasun's Himalaya G12 module has posted a certified power output of 715W, which the company said is a new industry high.

Climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital has closed investment in 1.3GW worth of solar and wind assets to be developed and operated by utility AES. The financing is spread across two programmatic investments of undisclosed value.

Israel-headquartered smart energy technology company SolarEdge has acquired the entire share capital of UK-based Hark Systems, an energy analytics and internet-of-things (IoT) company. SolarEdge said that the acquisition will enable it to offer its corporate and industrial (C&I) customers increased capacity to manage their energy assets.