Financial & Legal

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.

West African off-grid solar electricity supplier raises US$38 million to expand its operations in in Nigeria, Ghana, Côte d’Ivoire, Senegal and Togo.

German asset manager Luxcara has signed an investment agreement with Danish solar developer BeGreen for four PV parks.

Following on from our recent piece on what is driving the largest ever wave of manufacturing capacity expansion announcements in the PV industry, a few real-world examples may shine further light on this topic.