Financial & Legal

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.

Global renewables investment platform Qualitas Energy has acquired US solar and storage platform Heelstone Renewable Energy for an undisclosed sum.

Pexapark has found that European buyers struck power purchase agreements (PPAs) for a record 16.2GW of clean power in 2023.

Portuguese utility EDP, through its subsidiary EDP Renewables (EDPR), has acquired Australian solar developer ITP Development.

Increased renewables capacity and higher earnings from international electricity generation have driven up German utility RWE's financial results for 2023.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.

German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.

Origis Energy has secured US$317 million in project tax equity for two US solar projects with a combined capacity of 350MWac.

NextEra Energy Partners has announced its financial results for the fourth quarter of 2023, which includes net income of US$112 million.