Financial & Legal

RWE has signed a series of power purchase agreements with Dominion Energy regarding a solar portfolio with a total capacity of 266MW.

PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.

The European Investment Bank will loan €300 million to Banco Santander (Brasil) to build 600MWp of small-scale solar in Brazil.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has signed a framework agreement with solar developer Energix Renewables to supply 5GW of modules.

The NTR Clean Power Fund has financed three Spanish solar power projects with a combined capacity of 115MWp.

Solar developer Heelstone Renewable Energy has closed a tax equity investment for four solar projects in Georgia, the US, with a cumulative capacity of 320MWdc.

The European Commission (EC) has granted €3.6 billion (US$4.04 billion) to 41 large-scale clean tech projects via the EU Innovation Fund, including three projects on PV modules under the clean tech manufacturing category.

German renewables developer MaxSolar has secured a €410 million (US$460 million) financing facility to support 2GW of solar PV and co-located storage projects in the next five years.

Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.