Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.
Saudi energy provider ACWA Power has signed agreements to develop 1.4GW of solar PV and 1.2GW of energy storage projects in Uzbekistan to be financed by the country’s Ministry of Investment, Industry and Trade.
Toronto-based renewables developer Amp Energy has agreed to sell 100% of the equity interests of its US subsidiary, Amp US, to asset management companies Fiera Infrastructure and Palisade Infrastructure Group.
CSI Solar has announced plans to expand its solar and battery storage manufacturing capacity in China, through an investment agreement with the municipal government of Yangzhou City in Jiangsu Province.
Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.
Colorado-based electricity distributor CORE Electric Cooperative has penned a wholesale power supply agreement with power generation developer Invenergy, which will give CORE access to an additional 1.2TWh of renewable energy a year.
A state-owned solar-plus-storage project being developed in Mexico firmly establishes the shift in government thinking on energy storage, a local battery storage firm told sister site Energy-Storage.news.