Markets & Finance

Sunnova aimed to tap into the opportunities in the market as its electricity prices are about US$0.43 per kWh, three times the average power price in the US.

Utility Enel has signed a 15-year solar virtual power purchase agreement (VPPA) with bearing manufacturer SKF in Spain.

Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.

Senegal has announced a partnership with several countries and the EU to accelerate renewable energy deployment, receiving €2.5 billion (US$2.71 billion) new and additional financing starting from 2023.

Indian module manufacturer Vikram Solar has formed a joint venture (JV) with private equity firm Phalanx Impact Partners, and venture capital company Das & Co. to develop a vertically integrated solar manufacturing operation in the US.

Recently, US-based solar tracker company Nevados signed two deals with solar PV developer Ampliform and independent power producer (IPP) Energix Renewables to supply trackers. As it started reaching out to the solar PV industry in the US, we invited Yezin Taha, founder and CEO of Nevados, to talk about the company's business, products, technology and plans.

Alternative asset manager Blackstone Infrastructure has invested US$1 billion in equity investment in Invenergy Renewables to support its expansion.

In his new position, de Vries is responsible for the long-term operations and maintenance of each of the company's solar project

Canadian investor Altius Renewable Royalties has invested US$45 million into US renewable developer Hexagon Energy.

Finnish utility Fortum has begun development on an 80MW solar PV plant in Finland’s Virolahti municipality in the Southeast of the country bordering Russia. It will be Fortum’s first solar PV project in its home country.