Financial & Legal

Heron has signed PPAs with Meton Energy, which will add three new solar projects with an annual production of 192GWh to Heron’s portfolio.

Energy company AES Andes has acquired a 146MW solar PV plant in Chile from EDF EN Chile and Marubeni Corporation.

All developers active in the US market will increase their renewable energy development, while over 60% will participate in domestic clean energy manufacturing buildout.

Solar and storage investor CleanCapital has secured a US$500 million investment from Manulife, a global financial services group. This followed a US$300 million initial cash injection from Manulife in 2021.

The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.

Nobel Energy has signed a memorandum of understanding with Azerbaijan to develop a 400MW solar project in the western exclave of Nakhchiva.

Lithuanian software company PVcase has acquired US solar siting software platform Anderson Optimization.

US utility AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.

The development-stage 490MW Duffy solar PV project near Houston, Texas has changed hands; nascent US independent power producer (IPP) Linea Energy has bought the project from London-based Horus Energy.

German renewables developer Blue Elephant Energy has acquired a 120MWp Chilean solar PV portfolio, expanding its presence in the country to 281MW.