Financial & Legal

Primergy has secured US$588 million in financing for its 408MWac Ash Creek solar-plus-storage project in the US state of Texas.

The funds will be allocated for solar PV projects in Almeria, Murcia and Granada respectively with all of them under construction.

Solar PV deployments increased by 85% year-on-year in 2023, more than any other renewable technology in a year which saw clean energy deployments curb the rise in carbon emissions.

SMA Solar sold 20.5GW of inverters in 2023, up from 12.2GW in 2022. EBITDA increased to €311 million in 2023 from €70 million in 2022.

ARR and Apollo have entered into a US$30 million royalty investment with Apex to aid in the latter’s commissioning of the 195MW Angelo solar farm.

Spanish independent power producer Grenergy has secured €175 million (US$190 million) in green financing for the construction of 300MW Spanish solar portfolio.

Alantra Solar said a "significant percentage" of 40 solar PV plants will feature battery energy storage systems.

Major Chinese polysilicon producer Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022, whilst the dramatic drop in polysilicon prices slashed revenues from US$4.6 billion to US$2.3 billion over the same period.

Engie North America – a regional subsidiary of French energy company Engie – has closed US$1 billion in tax equity financing to support a 1.3GW portfolio of solar PV and wind assets across the US.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has increased its manufacturing capacity in 2023 by 6.8GW, most of which from its Series 7.