Financial & Legal

US solar and wind developer Duke Energy Renewables has received a US$90 million tax equity investment from financial holding company CapitalOne towards the 120MW Jackpot solar PV project in Idaho.

PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.

A developer is required to submit a bid with a minimum capacity of 50MW, while it can also bid for up to 2GW.

US distributed solar supplier Spruce Power has been issued a notice by the New York Stock Exchange (NYSE) informing the company that its stock price has fallen below the necessary benchmark for listing.

German-headquartered solar developer Enerparc has sold 193MW worth of its Australian solar PV assets to Ingka Group, the owner of furniture retailer IKEA.

Solar PV silicon wafer manufacturer TCL Zhonghuan has planned to reach a total mono wafer annual capacity of 180GW by the end of 2023.

The projects consist of a 90MW floating solar project in Madhya Pradesh and a 100MW utility-scale solar PV project to be built in Gujarat

Missouri-based solar developer Birch Creek Energy has acquired DC-based greenfield developer Foundations Solar Partners from equity firm Hull Street Energy.

Solar developer Emeren, formerly known as ReneSola Power, has targeted to reach a 4GW pipeline of solar and storage projects by the end of 2023.

The project is estimated to generate about 41GWh of clean energy annually.