Financial & Legal

Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

US developer Leeward Renewable Energy (LRE) has secured US$1.25 billion in construction warehouse facility to support the construction of its portfolio in the US.

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Dimension Renewable Energy has announced a new name and a plan to operate 500MW community solar projects by the end of next year.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.

Three Chinese solar manufacturers - LONGi, Tongwei, and Aiko Solar - have reported losses in the first half of the year due to increased competition.

Detention of electronics by US customs, which includes solar PV products, has dropped to its lowest since the implementation of the Uyghur Forced Labor Prevention Act (UFLPA) in 2022.

New antidumping and countervailing duty (AD/CVD) tariffs in the US could result in increased solar cell and module costs “to a level that significantly restricts solar supply and installations in the US”, according to new analysis from Clean Energy Associates (CEA).

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.