Financial & Legal

Supply traceability firm Clean Energy Associates (CEA) has been acquired by British testing, quality assurance and certification company Intertek as it looks to provide Total Quality Assurance (TQA) solutions for solar PV and energy storage products.

Iberdrola has recorded a profit of €2.07 billion in H1 2022 with strong performances in its international business offsetting adverse results in Spain.

Manufacturing support for solar components and clean energy tax credits are included in a proposed US budget reconciliation bill from Senate Democrats that proponents have said features the biggest climate and renewables investment in the country’s history.

Independent power producer (IPP) Scatec has ramped up project development activity after witnessing its earnings fall by nearly 14% year-on-year.

Independent power producer Opdenergy has signed a €350 million financing agreement with Spanish bank BBVA and the European Investment Bank.

Microinverter supplier Enphase Energy almost doubled its Q2 2022 revenue year-on-year as homeowner demand for self-consumption increases on the back of rising energy prices.

Australian renewables developer Genex Power has received an unsolicited takeover offer from two investment firms.

Renewables developer Ørsted has entered into an agreement with German developer Ostwind to acquire 100% of its equity interest.

The European Investment Bank and Iberdrola have signed a €550 million green loan to boost solar PV and wind projects in Spain.

Module manufacturer and energy solutions company Hanwha Qcells has landed an agreement with Canadian Premium Sand (CPS) for the commercial offtake of patterned solar glass to support its US PV module production.