Financial & Legal

With the involvement of new companies in solar, this influx of actors without experience could pose risks for solar project financing.

Generate Capital and KeyState Renewables have closed their third joint fund, which has supported the development of 53.5MW of community solar.

Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.

Consisting of two projects, the Iepuresti (169MW) and Ghimpati (146MW) plants are located in the southeastern region of Muntenia.

Emeren has announced its financial results for the second quarter of this year, which include revenue of US$30.1 million.

In related news, Google has signed a strategic long-term agreement with independent power producer Energix Renewables to develop 1.5GW PV.

The European Bank for Reconstruction and Development (EBRD) has provided a €25.1 million loan for 50MW of solar in Bosnia and Herzegovina.

Anza has launched a new programme to provide industry decision-makers with real-time information on solar products.

Meta has signed two power purchase agreements (PPAs) with German firm RWE to acquire power from two of its solar farms in the US.

NextPower V ESG (NPV ESG), an international fund operated by NextEnergy Capital (NEC), has acquired a 248MW Spanish solar PV portfolio.