finance

Aggreko Energy Transition Solutions has closed US$66 million in loan financing to develop 88.5MW of distributed solar capacity in the US.

Namibian utility NamPower has secured financing and EPC contractors for its 100MW Rosh Pinah solar PV project.

The PV industry is set for a humbling 2025, with the current manufacturing downturn expected to extend well into 2026.

Actis has entered a strategic partnership with the companies behind a 3.5GW solar, 4.5GWh storage project in the Philippines.

The increase in frequency, severity and range of severe weather events is having a growing impact on renewable projects year-round.

Arevon said that the transaction made use of the Inflation Reduction Act’s (IRA) tax credit transferability scheme.

The Brazilian Development Bank (BNDES) has raised R$1.14 billion (US$200 million) to support the development of 402MW of new solar capacity.

According to Bernreuter Research, Tongwei Solar, GCL Technology, Daqo New Energy, and Xinte Energy all posted net losses in H1 2024.

The auction closed on 1st July almost twice oversubscribed after 4,206MW of applications were submitted for the 2,148MW of tendered capacity.

Major Chinese solar manufacturer JinkoSolar has posted increased sequential shipments and revenues in its Q2 2024 results.