Financial & Legal

Spanish solar developer Solarpack has closed a US$176 million senior financing package for a 300MW solar PV plant in Peru.

With solar a global industry, perhaps a global approach is the best way to ensure a more consistent supply of funding.

Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.

Global investor KKR has acquired a majority stake in US-based solar and energy storage developer Avantus.

Solar manufacturer JinkoSolar has ended 2023 with 78.5GW of solar modules shipped, up 76.4% year-over-year.

Swiss-owned solar manufacturer Meyer Burger has clarified the terms of its recently-announced rights issue, designed to raise money towards its US manufacturing expansion plans.

PV manufacturer Meyer Burger has posted the financial results for 2023 with net loss increasing by 318% to CHF292 million (US$330.6 million).

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.

SJVN Green Energy, the subsidiary of Indian state-owned utility SJVN, has signed offtake agreements for 600MW of solar PV capacity with Rajasthan Urja Vikas and IT Services Limited (RUVITL).

Chinese solar manufacturing giant Canadian Solar shipped 30.7GW of solar modules and posted US$274 million in net income in 2023, both “record” figures for the company.