Supply chain woes, spiralling energy prices and the COVID-19 pandemic have reversed the downward trend in average business interruption (BI) claims for renewables developers, with sector-wide average business downtime days up by 38% on 2016.
solar tracker manufacturer FTC Solar has withdrawn its guidance for the year and warned of material uncertainties caused by the US AD/CVD investigation.
Independent power producer (IPP) Cypress Creek Renewables has closed a US$125 million debt facility to fund the expansion of its solar and storage pipeline.
US developer Origis Energy has secured a loan that will help it progress with its pipeline of more than 20GW of solar, PV-plus-storage and standalone storage projects.
Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.
Having last month utility-scale solar in Sweden, Finnish investor Korkia is eyeing up a portfolio of renewables investments that stretches from Canada to Romania via partnerships with local developers capable of embracing the Lego-like replicability and scalability of solar PV. PV Tech Premium speaks to Mikko Kantero, executive vice president of renewable energy at Korkia, to find out more.
Portugal's latest solar auction made headlines earlier this month as record-low negative bids were posted, with the results illustrating the value developers place on securing a grid connection and the strong potential they see in hybridising renewables assets.
Independent power producer (IPP) Cypress Creek Renewables has closed a US$450 million debt facility to fund the expansion of its solar and energy storage project pipeline in the US.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
