Financial & Legal

Renewable energy investor Modus Asset Management has secured €58 million to acquire a 93MW operational solar PV portfolio in Poland.

German chemical group Wacker Chemie has posted the financial results for the second quarter of 2023 with its polysilicon sales dropping by about 9.7%.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has unveiled its intention to build a fifth US manufacturing facility, adding 3.5GW annual capacity in 2026.

Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for Q2 2023 (Q1  financial year (FY) 2024), to US$479.5 million.

US residential solar installer Sunnova has recorded a reduced adjusted EBITDA year-on-year of US$28.1 million for the second quarter of 2023 although its revenue increased by 13.2%.

Spanish utility Iberdrola has added 500MW of solar capacity during the second quarter of 2023, bringing the total to nearly 5GW.

Santander and ib vogt have concluded a financing deal to provide €350 million for solar projects under construction in the latter's portfolio

The European Investment Bank (EIB) has granted a €575 million (US$637 million) loan to Spanish oil major Repsol to roll out 1.1GW of renewables in Spain.

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.  

Edison Energy has revealed that the average price of power purchase agreements across Europe and the US has fallen from Q1 to Q2 2023.