Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
A round-up of the latest news from the solar project development and finance sub-sectors, including news from Canadian Solar, Capital Dynamics and Huawei.
Scatec Solar has struck a US$1.1 billion deal to acquire leading hydropower developer SN Power, touting the potential for floating solar on hydro reservoirs.
Array Technologies has upsized its planned initial public offering and updated its pricing, revealing the company intends to raise more than US$1 billion in gross proceeds.
Solar is the “new king” of electricity, the International Energy Agency has said, with the asset class set to deploy more new capacity then any other technology each year for the coming decades.
Global solar industry funding has rallied from a turbulent first half of the year as project acquisition activity soared in Q3, a report from Mercom Capital Group says.
Utility and renewables developer Ignitis Group has marked its first day of trading on two separate stock exchanges, as it bids to target international renewables markets.
Spanish solar tracker manufacturer Soltec has unveiled plans to raise up to €150 million through an initial public offering to take aim at solar’s continued growth trajectory worldwide.
With federal support for renewables having been depleted in recent years, utilities in the US have taken a leading role in the deployment of solar and energy storage. Jules Scully examines how integrated resource plans are driving solar deployment.
