Financial & Legal

Of its three major operational markets – the US, Europe and Latin America – Grenergy particularly highlighted Chile as a fulcrum for leveraging up its solar and storage businesses.

Summit Ridge Energy and PureSky Energy have established financing facilities, while Mainstream has closed funding for a 97.5MW solar project.

Small-scale utility and community solar developer Renewable Properties has secured a US$25 million development capital investment to continue developing its 1GW US community solar project pipeline.

Norwegian energy company Statkraft has acquired Spanish renewables developer Enerfin for an estimated €1.8 billion (US$1.9 billion).

National Grid Renewables has signed two power purchase agreements for its Blevins solar project in the US state of Texas.

Leeward Renewable Energy has raised US$580 million in tax commitments and debt facilities for two renewable power projects.

Enertis Applus+ has become the technical advisor for the 438MW Boa Sorte solar project for a consortium including Atlas Renewable Energy.

Solar manufacturer Maxeon Solar Technologies will lay off about 22% of its global workforce as it decided to entirely phase out its Maxeon 6 interdigitated back contact (IBC) modules as well as other operational realignment.

Module manufacturer Trina Solar has signed a memorandum of understanding (MoU) with wholesale distributor Marubeni Australia to supply 1.5GW of its Vertex N modules in the Oceania region.

Canadian Solar's total module shipments in Q3 this year increased by 39% to 8.3GW year-on-year, and 1% quarter-on-quarter.