Financial & Legal

The Connecticut Green Bank has more than doubled its support for commercial-scale solar, and will now commit US$110 million to new facilities.

Speaking at the Solar Finance & Investment Europe conference in London last week, four speakers discussed market trends in Portuguese solar.

Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.

GCL System Integration (GCL SI) has released preliminary results for its fiscal year ended in 2023 with revenue increasing between 85.6%-109% year-on-year as it continues ramping up its n-type module and solar cell capacity.

The first US$10 billion close of this second fund includes a seed portfolio of an unnamed UK onshore renewables developer and a solar development partnership in India.

LevelTen Energy has reported an increase in the value of solar PPAs signed in North America, and a slight decrease for those signed in Europe.

"Compliance requirements and regulations are a specific set of information that most of the developers don’t want to go and build that expertise internally.”

Making new investments into grid infrastructure could be a method of reducing the impact of price cannibalisation on the European energy grid.

US solar tracker manufacturer Nextracker has seen high deliveries in its US business with a 70% year-on-year increase in the third quarter of its fiscal year 2024, driving 38% quarterly revenue growth.

Community solar developer Reactivate has partnered with US retailer Walmart and US Bancorp Impact Finance, a subsidiary of financing entity US Bank, to develop solar projects in Illinois and New York, US.