Companies

Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.

Singapore-headquartered solar manufacturer Maxeon has received a notice of non-compliance from the Nasdaq stock exchange for failing to file its financial statements on time.

US utility Appalachian Power is seeking project proposals for 1.1GW of new solar PV, energy storage or wind power capacity.

The World Bank and Masdar have announced a US$159 million financing package to support a 250MW solar-plus-storage project in Uzbekistan.

Spanish energy utility Iberdrola has taken full ownership of its US subsidiary Avangrid for a total of US$2.551 billion.

GreenYellow has bought Grow Energy Management (GEM), acquiring its 120MW portfolio of PV projects in Portugal and Poland.

US solar cell and module manufacturer Silfab Solar has completed a tax credit transfer deal with energy software company Schneider Electric.

Tigo Energy has published its financial results for the first quarter of 2024, which include revenues of US$9.8 million.

Nextracker's backlog has posted the financial results for Q4 2024 and FY 2024, with backlog increasing by more than 50%.

Canadian Solar's quarterly module shipment decreased by more than 20%, but it posted a net income of US$12.4 million in Q1 2024.