finance

Recurrent Energy, the project development subsidiary of Chinese solar manufacturer Canadian Solar, has closed financing for the 119MW Horus Solar project in the region of Aguascalientes, Mexico.

Major Chinese polysilicon producer Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022, whilst the dramatic drop in polysilicon prices slashed revenues from US$4.6 billion to US$2.3 billion over the same period.

Engie North America – a regional subsidiary of French energy company Engie – has closed US$1 billion in tax equity financing to support a 1.3GW portfolio of solar PV and wind assets across the US.

US energy utility AES has posted an improved financial results for 2023 as it narrowed its yearly losses to US$182 million.

French independent power producer (IPP) Neoen has completed debt financing for a 1.5GW portfolio of solar, wind and battery energy storage assets in Australia.

Panellists at the Energy Storage Summit 2024 discussed the commercial opportunities for co-located projects.

Spanish renewables developer Greenalia has closed US$200 million in three-year credit facilities to support the development of solar PV, energy storage and wind projects in the US.

Solar developer ib vogt has closed a debt financing deal to support 418MW of solar PV projects in the autonomous community of Castile and León, Spain.

The Italian government has issued a decree to pave the way for €1.7 billion (US$1.8 billion) towards developing over 1GW of agrivoltaics.

Avaada Energy has acquired 1,400MWp of solar PV projects through several central and state government tenders across India.