Financial & Legal

US renewable energy developer, Longroad Energy, announced financial close of 111MWdc solar and 85MWac/340MWh storage project Sun Pond in Maricopa County, Arizona, 4 December.

Swiss solar manufacturer Meyer Burger has secured US$39.48 million to support its restructuring operations and “stabilise” its business.

Chinese solar module manufacturer JinkoSolar has filed a patent infringement action in the US District Court for the Northern District of California (San Francisco) against VSUN Solar USA, Toyo and its affiliates in the US and abroad.

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe".

TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.

Magdalena Hilgner of PLAY explains that projects that deliver power reliably and at a fair price will always be attractive for offtakers.

As solar panel prices continue their downward trend in November, module prices are expected to face a ‘slight uptick’ in December, according to the latest pv.index report.

Australia’s Global Power Generation (GPG) has secured an AU$2.3 billion (US$1.49 billion) financing facility to support the development of its 1.8GW renewable energy and storage portfolio.

Power from the project, which is under construction, will be sold to PGE under a 25-year contract and marketed through its Green Future Impact (GFI) scheme.