Financial & Legal

Solarcentury and Dutch banking firm Rabobank have reached financial close on a €20 million (US$22.4 million) deal to support the development of two utility-scale solar farms in the Netherlands.

Amazon’s multi-billion-dollar Climate Pledge Fund will help support low carbon technologies including those in energy generation and storage.

Adding energy storage can boost solar PV project revenues by as much as 50% in the US state of Massachusetts, US developer Stem Inc has claimed.

Spain’s PV industry has welcomed government approval of a package of legislative measures aimed at speeding up the country’s transition to 100% renewables.

India is set to impose a 20% levy on imported solar modules, cells and inverters from August, replacing the current safeguard duty.

Asian C&I solar specialist Cleantech Solar has secured a US$75 million loan to fund its expansion across Southeast Asia.

The era of subsidy-free solar is well underway in a growing number of markets, with Europe leading the way. As Solarcentury’s Peer Piske explains, the greater sensitivities around modelling zero-subsidy projects mean new approaches to design and planning are required by developers

Poland’s solar industry appears to have weathered the worst effects of the COVID-19 pandemic and be on course for substantial growth, according to two reports, one of which of forecasts almost 8GW of installed capacity by 2025.

Renewables software firm Pexapark has raised €6 million (US$6.7 million) in Series B funding as seeks accelerate its growth through the coming years.

Meyer Burger Technology has officially set in motion plans to become a dedicated manufacturer of heterojunction (HJT) solar modules in Europe and the US and exclusively use its technology in-house, forgoing its PV equipment supplier and JV business models.