Companies

Lightsource bp has closed a tax equity deal, worth US$267 million, with financial services company Wells Fargo for a 481MW solar portfolio.

Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.

UAE-owned renewables company Masdar has signed a memorandum of understanding (MOU) and a joint development agreement with Zambia state-owned utility Zesco to develop 2GW of solar PV in the African country.

Renewables investor Cubico Sustainable Investments (Cubico) has signed an agreement with energy solutions platform ZEG Energias Renováveis (ZEG) to acquire a developing solar PV project in Brazil. 

Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.

Solar tracker manufacturer Soltec has signed a financing agreement with real assets investment advisory firm Incus Capital to fund its renewable asset management and exploitation business Soltec Asset Management.

Renewable energy investor and asset manager NextEnergy Capital has launched its most recent international solar capital fund, NextPower V ESG (NPV ESG), with a target of US$1.5 billion in capital commitments and a ceiling of US$2 billion.

Module manufacturer JA Solar has partnered with UAE-based developer AMEA Power to supply modules to a 560MW solar PV in Egypt.

The Offshore Solar Platform (POS) has been officially launched in the Netherlands, together with Dutch independent research organisation TNO (Netherlands Organisation for Applied Scientific Research).

Spanish multinational electric utility company Iberdrola has partnered with Norges Bank Investment Management to invest in 1,265MW of new renewables capacity in Spain, with solar plants making up 80% of the portfolio.