Financial & Legal

Independent power producer (IPP) Scatec has posted strong results in the first quarter of the year driven by strong operational and financial performance.

US solar installer Sunrun has added 239.8MW of PV capacity in Q1 2023, exceeding its high-end guidance and is on track to reach 1GW in 2023.

US residential PV company SunPower has secured a US$550 million loan from global investment firm KKR to finance its customer loans model.

BayWa r.e Solar Projects – the US solar developer arm of industrial conglomerate BayWa – has secured a US$115 million credit facility to support the expansion of its US solar and storage project portfolio.

US renewables developer EE North America has acquired a majority stake in two Colorado solar PV projects with a combined capacity of 700MW, adding to the company’s now 2.5GW-strong US development pipeline.

Three renewables generation projects amounting to a collective 1.395GW have been awarded approvals in New South Wales’ most recent renewable energy tender, alongside a large battery energy storage system (BESS).

US solar developer Swift Current Energy has closed financing on a 266MW solar PV project in Southeast Texas.

Indian module manufacturer Navitas Green Solutions (Navitas Solar) has raised US$5 million aimed to expand its current solar manufacturing capacity.

German chemical group Wacker Chemie has started the first quarter of 2023 with lower polysilicon sales volume.

Chinese PV manufacturer Risen Energy saw significant profit and revenue growth in 2022 as the company looked to expand its module production capacity and develop new technologies.