Companies

Alantra – a renewables asset manager – and solar developer Solarig have secured €213 million (US$232 million) to support the construction of seven solar PV projects with a total 306MWp of generation capacity.

Challenges such as operational difficulties and macroeconomic headwinds cause ADT to quit the residential solar business.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

Rio Tinto has signed a power purchase agreement (PPA) with European Energy to buy all of the power at the latter’s Upper Calliope solar farm.

Empact Technologies will manage Inflation Reduction Act (IRA) compliance for Ampliform's current and future projects.

Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.

According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.

FP Lux Group has purchased a 114MWp portfolio of solar PV projects in Italy from German renewables developer PNE in the first investment of its FP Lux Energy Transition Fund.

Israel-headquartered solar inverter supplier SolarEdge has announced that it will lay off about 900 employees to reduce operating expenses.

US distributed generation platform Aspen Power has secured US$241 million in three financing tranches to support construction of its future solar PV assets.