Markets & Finance

Solek has reached a funding agreement with several banks and investors to provide US$379 million for its solar power portfolio in Chile.

Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.

Renewables company BayWa r.e has inked a deal with German bank Norddeutsche Landesbank (NORD/LB) to secure €32.5 million (US$34.7 million) for a 54.1MWp solar project in Spain.

Emeren Group – a global solar PV developer – has sold its 58MW Polish solar portfolio to Spectris Energy. The projects were sold ‘ready to build’, and Spectris will handle construction and own the projects long-term.

Kenyan solar power company Sun King and investment bank Citi have partnered on a US$130 million securitisation deal.

The PV module manufacturing subsidiary of Canadian Solar, CSI Solar, has announced the pricing of its initial public offering (IPO) shares on the Shanghai Stock Exchange.

The Q2 2023 edition of our downstream solar journal, PV Tech Power, is now available to download.

With Germany working on its goal of producing 80% of electricity consumption covered by renewable energy in 2030 as set out in the EEG 2023, it has announced plans to provide a new contract model to enlist local communities in the energy transition.

Motor Oil Renewable Energy has acquired a majority stake in holding company Unagi S.A. with a 1.9GW solar portfolio.

Chinese solar module manufacturer Jinko Solar will sell its subsidiary Xinjiang Jinko for RMB4.3 billion (US$606.7 million).