A consortium led by private equity giant BlackRock Real Assets has acquired a 10.53% stake in Tata Power Renewables through a INR4,000 crore (US$525 million) investment.
Solar developers Quantum Power Asia and ib vogt are planning to construct a 3.5GW PV plant and 12GWh energy storage facility in Indonesia that will export electricity to Singapore via a subsea cable.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
Solar software company Raptor Maps has closed a US$22 million Series B raise that will be used to further develop its Raptor Solar software platform designed to enable utility-scale and commercial and industrial (C&I) solar companies to make better use of their data.
There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021 according to a Lawrence Berkeley National Laboratory (LBNL) analysis, which also showed that queues were growing year-on-year.
Virginia Governor Glenn Youngkin signed a bill into law that will create a tax exemption for residential and mixed-use solar energy systems of up to 25kW.
LONGi Solar has raised prices for its 182mm wafers once again as upstream costs continue to edge upwards this week, exacerbated by constraints caused by COVID-19-related lockdowns in China.
Origis Energy has ordered 750MW of solar modules from thin film manufacturer First Solar, bringing the total quantity of modules Origis has procured from the company to 1.5GW.
The latest solar tender in Germany has awarded contracts for just over 1GW of PV projects, but witnessed a slight uptick in prices compared to the previous round.
