Solar project developer and asset owner Photon Energy Group has posted reduced revenues and EBITDA in its financial results for the first nine months of 2023, which the company attributed to “lower realised electricity prices and a slow-down in PV components trading”.
US distributed solar asset owner Spruce Power has posted increased sequential revenues and adjusted EBITDA in the third quarter of 2023, as its total portfolio of residential solar assets and contracts increased to over 75,000.
US renewables asset manager Arevon Energy has reached financial close on its 157MW/150MW (600MWh) Vikings solar-plus-storage project in Imperial County, California.
Renewables developer and asset owner Madison Energy Infrastructure has acquired Pro-Tech Energy Solutions, a corporate and industrial (C&I) sector engineering, procurement and construction (EPC) solar firm.
US solar and storage developer Strata Clean Energy has secured a US$300 million revolving loan and letter of credit facility to develop its diversified project pipeline of over 17GW.
European electric vehicle infrastructure company Allego has signed two ten-year power purchase agreements (PPA) for a total of 100GWh of annual power output. The deals are linked with a solar PV and a wind generation project.
The Australian Renewable Energy Agency (ARENA) will invest AU$11 million (US$6.9 million) in Australian solar technology company SunDrive Solar to support the commercial scale-up of SunDrive’s novel solar cell metallisation technology.
