Financial & Legal

US residential solar companies Sunnova and Solar Mosaic have filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.

US residential solar installer Sunnova has laid off more than half of its workforce, while a subsidiary from Delaware filed for Chapter 11 bankruptcy.

Independent power producer (IPP) NOA Group has reached financial close on a 349MW solar PV project in South Africa.

France has registered zero or negative energy prices for 90% of days in May 2025, according to data from energy storage developer Storio Energy.

rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  

Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.

Policy uncertainty in the US is likely to disrupt investment in clean energy, according to a recent report from Crux.

Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).

US independent power producer (IPP) Silicon Ranch has invested US$3 million in autonomous robotics company Swap Robotics.

Danish renewables firm European Energy has secured a €145 million (US$158 million) long-term loan to finance a 78.5MW solar park co-located with a 50MW battery storage plant in Anykščiai, Lithuania.