Financial & Legal

Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.

Chinese solar manufacturer LONGi and Austrian firm Energy3000 have signed a framework agreement for 1.5GW of solar capacity.

Maxeon Solar Technologies has filed a patent infringement lawsuit against Chinese PV manufacturer Tongwei Solar in Germany.

Parliament Solar has selected Ideematec to supply a tracking system for its upcoming solar farm in the US state of Texas.

Private equity firm Antin Infrastructure Partners has made a voluntary offer to buy the entirety of the shares of Spanish renewable energy developer Opdenergy for €866 million (US$935 million).

US solar manufacturer CubicPV has received US$103 million in equity financing to support its plans to develop a US silicon wafer production base.

BSW forecasts a “double-digit percentage” growth in Germany's demand for solar power systems by the end of the year.

Spanish utility Iberdrola has signed a financing agreement worth €1 billion (US$1.08 billion) with the European Investment Bank (EIB) to build 19 solar power plants and three onshore wind farms in Europe.

CSI Solar has completed its initial public offering (IPO) and begun trading on the Shanghai Stock Exchange as of June 9th.

Independent power producer (IPP) AMPYR Solar Europe has secured a €200 million (US$215 million) framework project finance facility with Dutch bank Rabobank.