Financial & Legal

Solar energy leads global energy transition investments for 2020, rising by 12% to US$148.6 billion.

Shoals Technologies Group, an electrical balance of systems (BOS) solutions provider for solar and storage projects, has announced the launch of its Initial Public Offering (IPO).

Norwegian investment company Aker Horizons has acquired a 75% interest in Mainstream Renewable Power, valuing the solar and wind project developer at €1 billion.

EDP Renewables (EDPR) has acquired an 85% stake in C2 Omega, the distributed solar platform of renewables investor C2 Energy Capital.

‘Solar Module Super League’ (SMSL) member LONGi Group is planning to build a new 15GW monocrystalline solar cell plant in Jinghe New City, Xixian New District, Shaanxi Province, China to become operational in 2022.

The subsidiary of German solar and wind operator raised €450 million (US$543.2 million) from 50 institutional investors.

Danish developer raises EBITDA forecast for 2020 and predicts €50 million (US$60.3 million) in pre-tax profits by year-end.

Total has agreed to buy a 20% stake in Indian PV developer Adani Green Energy, as the French oil and gas major ramps up efforts to reach its global clean energy targets.

China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings has reported a 37% increase in total revenue for 2020.

PV developer Solaria has signed a power purchase agreement (PPA) with Shell Energy Europe for six solar plants in Spain that have a combined capacity of 300MW.