Companies

Solar glass manufacturer Borosil Renewables has acquired a 86% stake in European peer Interfloat Group expanding its customer base in Europe.

Solar PV equipment provider Mondragon Assembly has received an order from BVG India to develop a multi-gigawatt automated PV manufacturing line.

Winning bidders from Portugal’s solar auctions will have their tariffs increased in line with inflation as the government aims to ensure the projects remain economically viable.

Tesla’s Q3 2022 solar PV deployment increased 13% year-on-year to 94MW as its battery storage system additions reached a quarterly high.

Renewables asset owner Brookfield Renewable is planning to take advantage of policy headwinds stemming from the US’s Inflation Reduction Act as it bolsters its presence in the commercial and community PV segment with the acquisition of Standard Solar.

US module manufacturer Toledo Solar has partnered with Turkish-based material manufacturer KordSA to expand its PV manufacturing capacity across Europe and Central Asia.

Demand for solar and wind power purchase agreements (PPAs) in Europe remains strong despite sustained price hikes, research from LevelTen Energy suggests.

Investment bank Macquarie Asset Management has provided €100 million (US$98.5 million) of debt financing to Green Bidco, the parent company of solar developer Falck Renewables.

Independent power producer (IPP) Alternus Energy Group has launched a new business focused on developing renewables assets in Europe and the US.

Corporate funding in the global solar sector was dampened by inflation and high interest rates during the first nine months of the year, according to research from Mercom Capital Group.