Financial & Legal

Ongoing investment barriers are preventing Africa from realising the full potential of its solar resources despite strong growth in 2024, according to a Global Solar Council report.

German IPP Enerparc has secured a €266 million financing package for the construction and operation of a 400MW solar PV portfolio in Germany.

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

Europe’s solar buyers are showing increased optimism for the sector, in spite of fluctuations in module prices across technologies.

Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.

Ellomay Capital has closed financing for a 198MW portfolio of solar assets it plans to build and operate in Italy.

Tech and retail giant Amazon has secured 870MW of solar PV and wind power purchase agreements (PPAs) in Spain.