Financial & Legal

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.

The UK’s Standard Chartered Bank will provide a €249 million (£213 million) loan for Turkish investment company Kalyon Enerji.

Graphic Packaging International (GPI) will acquire electricity from an 83MW solar portfolio operated by Zelestra.

At the same time, the company said that US trade laws and tax credits had created some uncertainty in the solar project market.

Australian startup SunDrive Solar has revealed that it has undergone a restructuring of the company, resulting in job cuts, as it looks to “sharpen focus on solar”.

In the three months to 30th June 2024, SunRun generated total revenue of US$523.8 million, down YoY from US$590.1 million in Q2 2023.

Israel-headquartered solar inverter supplier SolarEdge has reported a quarterly decline in shipments in the second quarter of 2024 with 873MW.

The €50 million green loan will support the design, construction and operation of five solar PV projects in Castilla y Leon and Extremadura.

The partnership aims to build two solar PV plants - Sidi Bouzid and Tozeur solar projects – each with 60MW of capacity.