Danish renewables developer Ørsted has said it plans to invest DKK 350 billion (US$57 billion) by 2027 to reach 50GW of installed clean energy capacity by the end of the decade.
BP has secured an agreement to acquire 9GW of US solar projects from developer 7X Energy, a deal it says represents “a significant step” towards the company’s target of growing its net developed renewables capacity to 20GW by 2025.
Renewable energy software company Clir Renewables has raised CAD$27 million (US$22.4 million) to grow its business operations in Europe and North America.
Solar module manufacturer and developer Canadian Solar has launched a US$150 million fundraise to support its growth strategy and build out a substantial battery energy storage business.
BP-backed renewables group Lightsource BP is set to invest €900 million (US$1.1 billion) in solar company INSUN to fund the development of five utility-scale solar projects across Portugal.
ReneSola Power is aiming to build on its solid first quarter financial performance to reach a 2GW PV project pipeline by the end of the year, as it prepares to enter at least two new Europen markets.
Solar developer and distributor BayWa r.e. has acquired French wind and solar developer Enerpole to grow its presence in the country’s renewable energy sector.
Solar contractor iSun’s pre-tax earnings fell further at the start of 2021 compared to the same period last year, while its gross margin took a hit due to project delays brought on by COVID-19.
Aurora Solar, a US-based company that has developed software to enable the remote design and sale of PV systems, has closed a US$250 million series C funding round.
Singaporean utility company SP Group has signed a memorandum of understanding with BCG Energy, a holding subsidiary of Vietnamese investor Bamboo Capital, to support the development of new renewable energy projects in the country.
