Markets & Finance

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.

Major Chinese solar manufacturer LONGi has sign an agreement with Spanish power company Naturgy to offer 574MWp of modules.

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.

Indian incentives for rooftop solar in its interim budget will offer 10 million homes the opportunity to obtain free solar electricity every month.

Brookfield Renewable has published its financial results for the quarter ended 31 December 2023, headlined by net profits of US$35 million.

ARENA’s Silicon To Solar study seeks to outline a “credible pathway” for Australia to establish 10GW of polysilicon (poly-si) purification capacity and 5GW of ingot, wafer, cell and module production capacity from 2030.

Midsummer has appointed former executive vice president Eric Jaremalm to the position of CEO, following the resignation of Sven Lindström.

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.