Markets & Finance

Japanese conglomerate Toyota Tsusho Corporation has established a new joint venture (JV) seeking to develop renewable energy projects across Africa.

Quinbrook Infrastructure Partners has closed funding for its Valley of Fire Fund, raising US$600 million in capital commitments.

Solar inverter supplier Solaredge has acquired Wevo Energy, an electric vehicle (EV) charging software startup.

Solar Energy Corporation of Indiahas allocated 1.5GW of solar capacity in a recent tender at an average price of INR2.56 (US$0.031) per kWh.

The US secretary of the Treasury, Janet L. Yellen, has said the US “wouldn’t want to rule out” protective trade measures to combat overcapacity of solar PV and energy storage manufacturing in China.

Price of polysilicon decreased this week both for p-type and n-type materials with the former dropping below the historic low of US$6.75/kg reached in June 2020.

Swiss-owned solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering.

Solar PV and energy storage developer and operator MN8 Energy has secured a private placement of US$325 million.

The European Commission has launched investigations into two Chinese consortia over their bids for involvement in a Romanian solar project.

Solar developer Recurrent Energy has secured a €110 million (US$119 million)multi-currency finance facility to support the development of its global solar PV and energy storage project pipeline.