Financial & Legal

The US secretary of the Treasury, Janet L. Yellen, has said the US “wouldn’t want to rule out” protective trade measures to combat overcapacity of solar PV and energy storage manufacturing in China.

Price of polysilicon decreased this week both for p-type and n-type materials with the former dropping below the historic low of US$6.75/kg reached in June 2020.

Swiss-owned solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering.

Solar PV and energy storage developer and operator MN8 Energy has secured a private placement of US$325 million.

The European Commission has launched investigations into two Chinese consortia over their bids for involvement in a Romanian solar project.

Solar developer Recurrent Energy has secured a €110 million (US$119 million)multi-currency finance facility to support the development of its global solar PV and energy storage project pipeline.

German independent power producer (IPP) Encavis has signed an offtake deal with LyondellBasell for 208MW worth of solar PV power generation.

The European Commission has approved a €1 billion (US$1.1 billion) Greek state aid measure to support two solar-plus-storage projects.

The US government has announced US$4 billion in tax credits under the Qualifying Advanced Energy Project Tax Credit (48C) scheme.

Greek renewables developer Mytilineos has signed a 210MW solar PV long-term power purchase agreement (PPA) with packaging manufacturer Karatzis in Greece.