Financial & Legal

Independent power producer (IPP) Sonnedix has acquired 416MW of solar PV portfolio in Chile from Italian energy company Enel and its subsidiary Enel Chile.

Tech and delivery giant Amazon has added over 1GW of solar PV and wind capacity to its operations in Europe so far in 2023.

The US Department of Energy (DOE) announced a new tax incentive last week (19th October) for solar and wind projects in low-income and “underserved” communities, as well as Tribal lands.

Polish renewables developer R.Power has secured a €75 million (US$79.5 million) investment from the European Bank for Reconstruction and Development (EBRD).

Renewables investor Magnora ASA has sold a 90MW solar PV project in South Africa to independent power producer (IPP) Globeleq.

Mining major Rio Tinto and Aboriginal energy partnership the Yindjibarndi Energy Corporation (YEC) have signed a memorandum of understanding (MOU) to pursue the development of solar and wind projects in the Pilbara region of Western Australia.

Solar inverter producer SolarEdge's revenue in the third quarter of 2023 is expected to be about 20% lower than consensus due to cancellations and pushouts of existing backlog from European distributors.

The net income of JinkoSolar subsidiary Jiangxi Jinko has reached RMB6.54 billion (US$894.1 million) in the first nine months of 2023.

A report from the University of Exeter has concluded that the world has reached “a global irreversible solar tipping point”.

Canadian Solar says the private placement provided the company with enhanced liquidity and flexible funds to grow its subsidiary Recurrent Energy's global business.