Markets & Finance

Global module capacities are on track to reach 866GW by the end of 2023, more than doubling the existing capacity at the end of 2022.

Solar real estate company SolaREIT and alternative investment manager AB CarVal have closed an investment of up to US$250 million to grow its renewable land, lease and loan financing solutions.

Encina has launched its first “investment vehicle”, to raise US$300 million to invest into new renewable power and storage projects in the US.

Module manufacturing major Risen Energy has posted strong revenue for the first half of the year, with RMB17.6 billion (US$2.4 billion).

Qualitas Energy has raised €280 million in funding to refinance debts at the Mula PV plant in the Spanish region of Murcia.

Arctech has signed a contract with the China Energy Engineering Corporation to provide 240MW of trackers to a project in Uzbekistan.

Frontier Energy has signed a letter of intent to acquire Waroona Energy to create a new renewable power firm with a solar portfolio of 355MW.

Italy has installed more than 2.3GW of solar PV in the first half of 2023, according to the latest figures from industry association Italia Solare.

JA Solar has published its financial results for the first half of 2023, which include shipments of 23.95GW of modules.

Sungrow has sold 15GW of inverters to companies in Latin America, following the signing of deals at Intersolar South America last month.