Financial & Legal

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.

Offtakers signed 25 power purchase agreements (PPAs) in Europe in January 2025, for a total of 790MW of electricity generation capacity.

The US added a record 49GW of new solar capacity in 2024, according to figures from the BCSE and Bloomberg New Energy Finance.

Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.

The credits are Section 45X Advanced Manufacturing Production tax credits generated from selling its modules from US manufacturing bases.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Spanish renewables developer Ecoener has secured a US$43.1 million loan to finance a 60MW solar PV plant in the Dominican Republic.

Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.

Chinese solar manufacturer LONGi has filed a lawsuit in the US District Court for the Eastern District of Texas against Jinko Solar.

Struggling Swiss solar manufacturer Meyer Burger has successfully extended its loan bridge facility until 21 February 2025.