News

PV tracker solutions provider Nextracker has launched its investment roadshow after submitting an initial public offering (IPO) to the US stock market Nasdaq last month, seeking to raise up to US$534.9 million.

Independent power producer (IPP) Scatec refinanced US$100 million of its US$193 million bridge-to-bond facility with a new term loan due in Q4 2027.

Renewable energy producer Iberdrola has been awarded a 25MW floating solar power plant in France after winning a call for tenders issued in June 2022.

Norwegian renewable energy solutions provider Scatec has signed an agreement to sell its 42% equity share in a solar plant in South Africa to a subsidiary of a fund managed by asset manager Stanlib Asset Management Proprietary Limited.

A map of the VPPs in which Sunrun’s batteries are participating through Lunar’s platform. Image: Sunrun / Lunar Energy.

Danish developer Better Energy and pension fund Industriens Pension have expanded their partnership with a further investment of €800 million in solar parks across Northern Europe.

Silicon materials producer REC Silicon has concluded a 10-year agreement with South Korean conglomerate Hanwha Solutions to offer fluidised bed reactor (FBR) polysilicon.

Activities under the new Regional Emergency Solar Power Intervention Project, a US$311 million regional project for which the World Bank supports, have started in Freetown, Sierra Leone.

Renewables supplied 88% of electricity consumption in Portugal last month but PV only accounted for 4%.

The Ministry of Ecological Transition (MITECO) in Spain has authorised 132 solar PV projects across the country with a total capacity of 24.8GW.