Renewables developer and asset owner Madison Energy Infrastructure has acquired Pro-Tech Energy Solutions, a corporate and industrial (C&I) sector engineering, procurement and construction (EPC) solar firm.
US solar and storage developer Strata Clean Energy has secured a US$300 million revolving loan and letter of credit facility to develop its diversified project pipeline of over 17GW.
Spanish developer Matrix Renewables has signed a 10-year 102MW solar PV virtual power purchase agreements in Spain with science and technology company Merck.
European electric vehicle infrastructure company Allego has signed two ten-year power purchase agreements (PPA) for a total of 100GWh of annual power output. The deals are linked with a solar PV and a wind generation project.
Norwegian independent power producer (IPP) Scatec has posted a weakened financial results for the third quarter of 2023, with year-on-year power production and profit dropping by 7.8% and 71.6% respectively.
US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.
During the third quarter of 2023, renewables have installed a record 5.5GW of utility-scale renewable capacity, led by solar, according to American Clean Power Association (ACP).
