Markets & Finance

Utility turns to Quinbrook, Arevia, 8minute, EDF to deploy 1.2GW of PV and 590MW of batteries across three projects, with plans to bring all online by 2023.

PV module manufacturer, Seraphim Solar System Co was established back in 2011 and PV Tech has known the company from its formative years. Yet, there have been periods in the past when things went almost silent on the news front, not helped by the fact that the company has remained private over the years.

Russia-based integrated PV manufacturer Hevel Group has completed its second phase of heterojunction (HJ) cell and module production expansions, taking nameplate capacity to 260MW.

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.

Firm boasts of 6.6GW pipeline and speculation-free approach as it sets sights on becoming country’s top IPP by 2023.

Deal brings Beijing’s fund for the Belt and Road Initiative closer to 1.668GW Saudi clean energy developer it has partnered with for past PV projects.

Installers initially balked at applying innovation to 2.5MW Norwegian PV rooftop but came around after learning costs would drop by 10-15%, firm tells PV Tech.

Uzbekistan joins the Scaling Solar programme, FTC Solar extends its order book in Vietnam plus finance news from Singapore and Vietnam.

Spain’s EPR Solar and Israeli investors to back installation northeast of capital Managua, with plans to deliver a first 50MW batch.

Q-Energy raises from German, South Korean investors to back nine plants in Andalusia built over past 10 years with support from Spanish subsidies.