finance

The combination of strict land legislation, elaborate permitting and a fiercely competitive solar developer market trying to meet ambitious PV deployment targets is causing issues for the French solar market.

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.

London-based renewable energy investor Cubico Sustainable Investments has acquired a portfolio of 12 solar and hybrid power projects in Mexico

Under the deal, SFK will purchase a portion of the RECs from the power developed at Clearway’s 452MW solar PV project in Texas, US.

In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.

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.