Financial & Legal

Greek industrial group Mytilineos said 2020 turnover from its renewables and storage development unit was around 40% lower than forecasted due to contracting and construction delays as a result of the coronavirus pandemic.

Global energy major Total has continued its flurry of utility-scale solar acquisitions, picking up a 2.2GW pipeline of assets in Texas.

Shorter power purchase agreements (PPA) could become more commonplace in Europe’s solar sector as developers strive to bring on more offtakers.

Fraunhofer ISE spin-off NexWafe has raised €10 million in a new Series B round of funding as the company moves to another pilot production phase.

Adani Green Energy has secured 3GW of PV capacity in a 6.4GW solar auction in the Indian state of Andhra Pradesh that saw higher tariffs than other recent tenders in the country.

A round-up of the latest news from the US solar market, as Shoals Technologies’ upsized IPO raises north of US$2 billion and Sunnova claims an industry first financing offer.

Powering green hydrogen production could become a valuable revenue stream for solar asset managers in Europe as subsidy-free systems become mainstream, according to industry leaders.

Scatec said it underwent a “transformational” year in 2020, with its total renewables pipeline now standing at a record high of 10.5GW.

European PV asset holders should ensure they have the right skills and knowledge to successfully operate in the continent’s power purchase agreement (PPA) market, according to panellists speaking today at the Solar Finance and Investment Europe conference.

Large-wafer size producer Tianjin Zhonghuan Semiconductor (TZS) is to build a new 50GW 210mm (G12) mono-wafer manufacturing hub in Ningxia Hui Autonomous Region at a cost of around RMB12 Billion (US$1.86 billion).