Developing, sourcing, building and maintaining solar PV projects routinely runs into the millions of dollars of long-term investment, and the impacts of serious theft on a solar asset owner can result in lost revenues, lost energy generation and sometimes lost insurance and ability to operate.
The US’s blocked solar supply chain combined with the threat of operational modules being damaged by extreme weather could leave project developers and asset owners at risk of revenue loss as replacement equipment becomes hard to source.
Independent power producer NEFIN has formed a partnership with Taiwanese energy company City Development through its subsidiary NEFIN Capital Taiwan Company (NEFIN Capital) to venture into the solar energy market in the country.
Texas-headquartered developer Leeward Renewable Energy has closed financing for 296MW worth of solar PV projects in Ohio and North Carolina, adding to its 24-strong portfolio of renewable energy installations across the US.
US solar manufacturer First Solar will supply Intersect Power with an additional 4.9GWdc of its thin-film PV modules. The transaction means that Intersect Power has ordered 7.3GWdc of First Solar technology this year.
After Actis-backed developer Rezolv Energy announced its acquisition of what it said will be Europe’s largest solar project earlier this month, PV Tech Premium caught up with Rezolv CEO Jim Campion to discuss the unique blend of power purchase agreements (PPAs) on offer, the rising appeal of the Romanian PV market, and the novel attempt to restore degraded agricultural lands on site.
Swedish solar developer Alight Energy has received a US$150 million investment from DIF Capital Partners to accelerate the deployment of its near-term solar pipeline. The agreement sees the investor take a majority stake in Alight, coupled as it is with a secondary buyout of some existing shareholders.
Rezolv Energy, backed by sustainable infrastructure investor Actis, has acquired rights to a 1,044MW PV plant in western Romania. Actis has said the project is “expected to be the largest solar PV plant in Europe”.