Financial & Legal

Module-level power electronics supplier Tigo Energy expects its losses will continue in the first quarter of 2024, according to its latest financial result announcement.

The Italian government has issued a decree to pave the way for €1.7 billion (US$1.8 billion) towards developing over 1GW of agrivoltaics.

Estonian independent power producer (IPP) Sunly has secured €65.9 million (US$71 million) towards the development and construction of 98MW worth of solar PV projects in Poland.

The European Bank for Reconstruction and Development (EBRD) has backed a €25 million (US$27 million) investment into a 112.5MW solar PV project in north-eastern Bulgaria.

The Connecticut Green Bank has more than doubled its support for commercial-scale solar, and will now commit US$110 million to new facilities.

Speaking at the Solar Finance & Investment Europe conference in London last week, four speakers discussed market trends in Portuguese solar.

Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.

GCL System Integration (GCL SI) has released preliminary results for its fiscal year ended in 2023 with revenue increasing between 85.6%-109% year-on-year as it continues ramping up its n-type module and solar cell capacity.

The first US$10 billion close of this second fund includes a seed portfolio of an unnamed UK onshore renewables developer and a solar development partnership in India.

LevelTen Energy has reported an increase in the value of solar PPAs signed in North America, and a slight decrease for those signed in Europe.