Companies

US-headquartered global renewable energy developer Enfinity Global has signed another power purchase agreement (PPA) with Statkraft for 34GWh of solar energy produced at one of its Italian PV facilities.

For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023.

The fund has already started to deploy capital in support of this programme, including its first asset acquisitions in January 2023.

Ascent Solar can use the new European presence to provide in-region support for EU driven net zero initiatives after the acquisition.

The total corporate funding into the global solar sector increased by 55% in Q1 2023 compared with Q4 2022, and 11% year-on-year compared with the same period in Q1 last year.

US-based clean energy company Avangrid has signed a memorandum of understanding (MOU) with the Navajo Tribal Utility Authority (NTUA) with a view to developing 1GW of solar, wind and energy storage assets.

Spanish utility Iberdrola has installed more than 4.5GW of solar PV capacity across the markets it operates due to new capacity added in Australia, Spain and Brazil in the first quarter of 2023.

Solar PV manufacturer Astronergy has signed a deal with Romanian energy company EXIMPROD Grup to supply 200MW worth of its PV modules to the group’s pipeline of five solar projects.

Lithuanian renewables developer Green Genius has partnered with Eiffel Investment Group to develop and finance a 500MW solar PV portfolio in Italy.

The acquisition included 72 solar projects, of them 90% being community solar projects, and six battery storage projects.