finance

Australian investment bank Macquarie Asset Management (MAM) is set to invest up to US$1.73 billion to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI).

The Nasdaq Stock Market has moved to delist Maxeon from its global select market following the fall of its share price below US$0.10.

Australia has confirmed that the first round of the Quad Clean Energy Supply Chains Diversification Program will open in November 2024.

BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) for 700MW of new solar capacity in Europe.

One of the “market signals” the company cited is an increase in negative electricity prices across Europe, as supply exceeds demand.

Arevon started construction at the 251MW project, located in Gibson County, last month. It will sell the project to NIPSCO once completed.

LONGi has released its performance report for H1 2024, which includes the shipment of close to 80GW of cells, wafers and modules.

EDF Renewables, the Korea Western Power Company (KOWEPO) and Masdar have reached financial close for the 1.5GW Al Ajban solar project.

Monarch Private Capital and Invenergy have closed US$170 million in financing for the second phase of its Samson Solar Energy Center.

The US Department of Energy (DOE) has closed loan financing for a 15MW solar-plus-storage project to be built on Tribal land in California.