Financial & Legal

US independent power producer (IPP) Navisun has secured financing of up to US$235 million through two debt facilities, which it says will contribute to its growth strategy and executing its project pipeline.

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

Renewable power producer BrightNight has formed a partnership with energy platform ACEN Corporation to ramp up the development of its 1.2GW renewables portfolio in India.

Greek utility Public Power Corporation S.A (PPC) has signed a deal to purchase the entirety of Enel Group’s Romanian equity and assets.

Renewable energy investor Copenhagen Infrastructure Partners (CIP) has acquired the majority share in Mulilo Energy Holdings, a South African independent power producer (IPP),

US PV manufacturer Silfab has closed a US$125 million investment led by ARC Financial Corp to fund a 1GW solar cell manufacturing facility in the US.

Spanish developer Grenergy has signed a 15-year power purchase agreement with chemical company LyondellBasell for a 259MW solar PV plant in Spain.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.

Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Australian Clean Energy Council.  

The combined effects of the ongoing anti-dumping and countervailing duty (AD/CVD) tariff investigation and the Uyghur Forced Labor Prevention Act (UFLPA) curbed US solar deployments in 2022, according to a joint report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie.