High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.
Chinese solar cell manufacturer Aiko Solar plans to issue a global depository receipt and apply for a listing on the Swiss Stock Exchange to improve its competitiveness.
German IPP SUNfarming Group has extended its relationship with investor HANSAINVEST Real Assets through a €50 million (US$53.8 million) mezzanine financing agreement to develop PV projects in Poland.
2022 saw the arrival of DAS Solar as one of the PV industry’s rising stars, the five-year-old company attracting strategic investment from, among others, China Merchants Venture Capital, Three Gorges Capital and Yongfu Shares.
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.
For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.
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.
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.
