Financial & Legal

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.

Solar project developer and asset owner Photon Energy Group has posted reduced revenues and EBITDA in its  financial results for the first nine months of 2023, which the company attributed to “lower realised electricity prices and a slow-down in PV components trading”.

Global alternative asset manager Blackstone is lending US$200 million towards the construction of new solar PV projects in the US by Altus Power.

Singapore-based energy company Sembcorp has announced an agreement to buy 245MW of renewables projects in Vietnam.