Financial & Legal

Photon Energy Group has closed a €21.9 million non-recourse project refinancing agreement for eight power plants with capacity of 31.5MWp.

US-based solar PV manufacturer SEG Solar has closed the acquisition of a 2GW PV module plant in Houston, Texas.

Indian independent power producer Hero Future Energies has planned to invest INR30,000 crore (US$3.6 billion) in renewables in the Indian state of Andhra Pradesh.

The European Commission (EC) has announced the Net Zero Industry Act, addressing a number of technologies that can help achieve decarbonisation including solar PV.

Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.

Renewable energy company Leeward Renewable Energy has closed financing for its solar project 'Horizon solar facility' in Texas. 

Distributed energy platform Scale Microgrids has acquired over 100MW of community solar projects in New York from Netherlands-based developer Gutami.

Asset investor Kajima Europe and equity investment company Griffin Capital Partners have formed a joint venture (JV) to acquire a majority stake in Polish PV installation company Hymon. 

Independent power producer Amarenco has purchased 90% stake in PV solar panel owner Infram from investment company M&G's infrastructure equity investment arm Infracapital.

Solar inverter and solutions provider Solinteg is opening a new factory in the Chinese city of Wuxi that will add an initial 4GW of manufacturing capacity as the company aims to meet increasing demand for its products.