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Financial & Legal
NextPower UK ESG signs PPA agreement for the ‘UK’s largest’ operating solar PV power plant
October 8, 2024
NextPower UK ESG has signed one of the UK’s largest solar sleeved PV PPAs with Anglian Water Services covering the 75MW Llanwern project.
Engie bags €500 million loan from International Finance Corporation
October 7, 2024
Engie said the loan would support its plan to phase out coal from its portfolio by 2025 in continental Europe and 2027 worldwide.
EBRD invests €100 million into Green Genius, becomes minority shareholder
October 3, 2024
The EBRD has committed €100 million to Lithuanian renewable power developer Green Genius, to expand its work in Europe until 2029.
United Solar secures US$156 million financing for polysilicon plant in Oman
October 3, 2024
United Solar is currently building a 100,000 ton polysilicon factory in Oman which it expects to be operational in 2025.
OMV Petrom completes 710MW Romanian solar PV portfolio acquisition
October 1, 2024
In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.
Premium
South Africa’s 10% import tax on solar modules may hit smaller projects hardest
October 1, 2024
South Africa's announced 10% import duty on solar modules poses challenges for developers with tighter profit margins.
Tata Power to build 2GW module assembly plant, Vikram Solar files draft for 3GW manufacturing funds
October 1, 2024
Tata Power to build a 2GW module plant in India, while Vikram Solar filed draft papers for its IPO and build a 3GW cell and module plant.
BayWa reports lower revenues in H1 2024, as renewable power asset value fluctuates
October 1, 2024
BayWa has published its financial results for the first half of the year, which include total revenues of €10.7 billion (US$11.9 billion).
Patrizia, Mitsui joint venture to invest US$100 million in Philippine solar PV developer
October 1, 2024
Investment manager Patrizia and Mitsui & Co have entered the Philippine solar PV market with binding agreements to acquire an interest in BEI, a rooftop solar PV developer.
Heliene closes US$50 million tax credit deal to support US manufacturing plans
September 30, 2024
Heliene has closed a US$50 million tax credit transfer sale to support its cell and module manufacturing expansion in the United States.
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