Financial & Legal

US solar racking manufacturer Unirac has secured a recapitalisation investment led by private equity firm Greenbelt Capital Partners.

Solar Energy Industries Association (SEIA) has slammed a proposed rule change that would see solar PV projects in the US categorised as high risk structures, pushing up development costs and dampening the positive impact of the Inflation Reduction Act (IRA).

Solar project developer Eco Energy World (EEW) plans to list on Nasdaq via a business combination agreement with special purpose acquisition company ClimateRock.

Maxeon Solar Technologies has shut down a PV module manufacturing plant in France, citing a challenging price environment.

Voltalia has signed a corporate power purchase agreement with mining company Richard Bay Minerals, subsidiary of Rio Tinto, in South Africa.

Portuguese utility EDP Renewables (EDPR) has completed the acquisition of a 70% stake in German solar developer Kronos Solar Projects.

The US Department of the Treasury and the Internal Revenue Service (IRS) have requested stakeholder input on the climate and clean energy tax incentives included in the country’s Inflation Reduction Act (IRA).

Waaree Energies has raised US$120 million from investors to expand its module and cell production capacity in India.

Around 35GW of PV manufacturing in Europe is at risk of being mothballed as elevated power prices damage the continent’s efforts to build a solar supply chain, research from Rystad Energy suggests.