Elevion, the renewables arm of Czech conglomerate ČEZ Group, is targeting growth within Europe’s PV market after closing the acquisition of Belectric’s European assets.
With subsidies now a distant memory in most markets, solar is increasingly finding itself deployed via government tenders and corporate PPAs. But what are the prospects for those to mature, and to what extent will merchant revenue models emerge this decade? Jules Scully reports.
Solar developer ib vogt has signed a €40 million (US$45 million) syndicated loan agreement with its long-standing German bank partner Commerzbank AG to support its international growth strategy
Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will see the partners explore opportunities to develop projects, including renewable energy plants.
Solar investor and asset manager NextEnergy Capital Group (NEC) has secured backing from the UK Infrastructure Bank for a new fund that aims to raise £500 million (US$663 million) to invest in subsidy-free solar power plants in the UK.
Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.
‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.
