Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
A round-up of the latest news from the solar project development and finance sub-sectors, including news from Canadian Solar, Capital Dynamics and Huawei.
The cost of generating energy from utility-scale solar and wind continues to decline and maintain competitiveness with the marginal cost existing fossil fuel-powered plants.
Record Q3 revenue has helped major merchant solar cell producer Aiko Solar report nine-month revenue growth of 49.45%, compared to the prior year period, exceeding the company's full-year 2019 revenue figure.
Major polysilicon producer Daqo New Energy has been forced to revise down guided polysilicon sales volumes in the third quarter of 2020, due to customers postponing purchasing orders as market prices hit US$12.5/kg.
Scatec Solar has struck a US$1.1 billion deal to acquire leading hydropower developer SN Power, touting the potential for floating solar on hydro reservoirs.
Array Technologies has upsized its planned initial public offering and updated its pricing, revealing the company intends to raise more than US$1 billion in gross proceeds.
The European Union has pinned its hopes for an economic recovery in the wake of the COVID-19 pandemic on green and digital technologies. Molly Lempriere looks at the part solar could play as details are fleshed out
