Markets & Finance

IPP Onward Energy has entered into a bidding agreement to acquire 1,171MW of operating solar assets from Global Atlantic Financial Group.

Infrastructure investor Actis has acquired a stake in Latin American renewables asset owner Omega Energia as it looks to develop a pipeline of assets in the region.

Enlight Renewable Energy is to acquire and co-develop almost 400MW of solar PV in Croatia, bolstering its position in Europe’s solar market.

Financial services and technology company Nelnet has acquired GRNE Solar, an EPC that designs and installs residential, commercial and utility-scale solar in the US Midwest.

Total Eren has commissioned a 131MWp solar project in Uzbekistan, the independent power producer’s first to exclusively use bifacial modules.

European and Ukrainian solar trade associations have called for Ukraine’s post-war recovery to be based on renewable energy, urging the country’s leaders to set a target of at least 50% of renewables in electricity production by 2030.

Module manufacturer Vikram Solar has appointed Ivan Saha as its new chief executive officer to lead the company’s strategic expansion plans.

South Korea is planning to change its renewables targets as part of a host of energy policies from the country’s new government, which aims to increase the role of nuclear power.

Sun Cable has turned to a trio of financial advisors as it looks to advance its multi-gigawatt solar-storage project to financial close by 2024.

Indian energy giant Tata Power has signed a Memorandum of Understanding (MoU) with the Indian state government of Tamil Nadu to invest roughly INR3,000 crores (US$380 million) in setting up a 4GW cell and 4GW module factory in the state.