Financial & Legal

VINCI subsidiary buys solar and storage developer Helios Nordic Energy for US$73 million

May 31, 2024

Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million.

Maxeon posts US$14.9 million losses in delayed Q1 ’24 results

May 30, 2024

Maxeon Solar Technologies posted net losses of US$14.87 million in its Q1 2024 financial results. It also announced that its future utility-scale solar business will be “focused exclusively on the US”.

Google signs first solar PPAs in Japan for 60MW of capacity

May 28, 2024

Google has signed virtual power purchase agreements (PPAs) with two Japanese companies to build 60MW of new solar capacity in Japan.

Maxeon: Dutch court rejects ABC cell patent lawsuit against Aiko Solar

May 24, 2024

Singapore-headquartered solar manufacturer Maxeon has failed to sue fellow manufacturer Aiko Solar over alleged solar technology patent infringement.

Recurrent Energy secures €674 million financing for solar and storage projects

May 24, 2024

Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.

Ørsted, JP Morgan close US$680 million financing for US solar and solar-plus-storage projects

May 24, 2024

Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.

Waaree to supply 445MW of modules to Statkraft for Indian project

May 24, 2024

Waaree Energies has signed an agreement to supply 445MW of modules to Statkraft India for a project in Bikaner, Rajasthan.

Premium

Reviewing the performance of China’s big-five PV module producers

May 24, 2024

Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.

Pivot Energy, Rivian to build 60MW community solar in Illinois, US

May 24, 2024

US independent power producer Pivot Energy and electric vehicle (EV) manufacturer Rivian have partnered to build 60MW of community solar in Illinois, US.

‘It should be a seller’s market’: the shifting balance of power in the renewable PPA market

May 23, 2024

The global power price agreement (PPA) market has become a buyer’s market, according to speakers at the Renewable Energy Revenues Summit.

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