finance

Global renewables investment platform Qualitas Energy has acquired US solar and storage platform Heelstone Renewable Energy for an undisclosed sum.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Alantra – a renewables asset manager – and solar developer Solarig have secured €213 million (US$232 million) to support the construction of seven solar PV projects with a total 306MWp of generation capacity.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.

US renewable energy developer Deriva Energy has acquired a 140MW solar PV project in Colorado from German solar developer JUWI.

According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.

FP Lux Group has purchased a 114MWp portfolio of solar PV projects in Italy from German renewables developer PNE in the first investment of its FP Lux Energy Transition Fund.

Corporate financing in the solar sector rose 42% in 2023 compared with 2022, according to Mercom Capital.

US distributed generation platform Aspen Power has secured US$241 million in three financing tranches to support construction of its future solar PV assets.