finance

German EPC ib vogt has announced the sale and commencement of construction of a 180MWp solar farm near Badajoz in Spain, teeing itself up for a slew of other subsidy-free developments in Southern Europe.

A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.

UK solar developer Solarcentury has landed a €54.8 million finance facility to construct 500MW of solar farms in Spain.

‘Solar Module Super League’ (SMSL) member, First Solar has agreed to settle a 2012 class action lawsuit to the tune of US$350 million. The settlement is subject to approval by the United States District Court for the District of Arizona.

Energy suppliers in the UK have unveiled a mixed bag of tariffs for domestic solar exports, with O&G major Shell’s supply business unveiling a tariff of just 0.001p/kWh.

US solar firm SunPower is to cut up to 160 jobs as part of a restructuring plan following the spin off of its manufacturing operations.

ACWA Power has penned two long-term power purchase agreements (PPAs) with Ethiopia’s state-owned Ethiopian Electric Power for 250MWac of solar in the nation.

Energy major Statkraft has signed a long-term power purchase agreement with Spanish solar IPP Solaria.

Norwegian state-owned energy giant Equinor has increased its stake in international solar developer, Scatec Solar.

Solar developer Silicon Ranch and utility Walton EMC have extended their solar relationship with Facebook, committing to build a further two solar farms for the social media giant.