Financial & Legal

Two reports published today show the political and corporate factors which have affected Europe's PPA market over 2024.

The average solar power purchase agreement (PPA) price remained constant between the third and fourth quarters of 2024 in North America.

Independent power producer (IPP) Greenbacker Renewable Energy Company has secured US$950 million in aggregate financing to support the acquisition, construction and operation of a 500MWac solar PV power plant being pursued in the state of New York, US.

Nextracker has published its 2024 financial results, which include revenue of US$679 million in the quarter ending 31 December 2024.

The Australian government’s green bank, the Clean Energy Finance Corporation (CEFC), has confirmed it invested a record AU$3.5 billion (US$2.19 billion) in the six months to 31 December 2024.

Australia’s Minister for Climate Change and Energy, Chris Bowen, has called on the Australian Renewable Energy Agency (ARENA) to increase funding for community electrification initiatives involving solar PV and batteries.

REC Silicon has secured a US$40 million term loan from Hanwha International LLC, a subsidiary of Korean conglomerate and REC majority shareholder, Hanwha Solutions.

A JinkoSolar subsidiary has filed a patent infringement lawsuit against LONGi in Japan, demanding LONGi cease its 'infringement actions'.

The company will continue to list on the New York Stock Exchange under its NEP ticker symbol until 3rd February.

December 2024 saw 2GW of power purchase agreements contracted in Europe, making it the second strongest month of the year for off-take deals.