Financial & Legal

Spain will introduce a windfall tax on power companies and banks from next year to fund measures designed to help Spaniards cope with soaring inflation.

Module manufacturer REC Solar has been selected by the European Union to receive a grant to support a 2GW heterojunction (HJT) solar manufacturing plant in France.

Iberdrola has signed a power purchase agreement (PPA) to sell electricity from its 590MW solar plant in Spain to food and drink giant PepsiCo.

Hundreds of US solar and energy storage companies have implored US lawmakers to pass a budget reconciliation bill containing solar downstream and manufacturing supports.

EDP has continued its renewables drive in Poland with the acquisition of distributed solar PV installer Zielona Energia.

Module-level power electronics supplier Tigo Energy has filed an intellectual property infringement lawsuit in the US against inverter manufacturer SMA Solar Technology America.

Trina Solar will build a 71MW floating PV (FPV) project in the Malaysian state of Sarawak after winning a tender held by the state’s utility, Sarawak Energy.

US solar developer Origis Energy has signed a supply agreement for more than 700MW of bifacial PERC PV modules from manufacturer Boviet Solar Technology.

Renewables advisory firm Pexapark has secured €8 million (US$8.08 million) in a second round of Series B funding as it plots further expansion.

Indian solar importers will no longer be permitted to defer payment of the country’s basic customs duty (BCD) following a new order from tax authorities.