The PV industry continues to have frequent casualties in terms of PV module suppliers being able to carve out a long-term sustainable business model. This issue remains critical when suppliers are short-listed for large-scale solar sites, globally.
NextEnergy Capital (NEC) has entered into two separate ten-year power purchase agreements with Shell Energy North America for the power from two US-based solar farms.
Norwegian solar developer Scatec Solar has raised around US$200 million through a private placement, which it will use to pursue new project development.
Gemini Solar + Battery Storage Project, approved for construction by the US Department of Interior earlier this month, will be managed by a newly-launched subsidiary of investor Quinbrook Infrastructure Partners.
PV string inverter manufacturer Ginlong Solis Technologies is to double its manufacturing capacity to 20GW per annum via a US$100 million non-public offering to meet growing demand for its mainstream products and emerging solar-plus-storage product offering.
Investor KKR has picked up a 317MW portfolio of solar assets in India from Shapoorji Pallonji Infrastructure Capital (SP Infra) in a deal valued at US$204 million.
US-based independent power producer (IPP) sPower has closed a US$350 million tax equity commitment from banking giant Wells Fargo to support its Spotsylvania Solar Energy Center project.
New figures from regulator UPME show nearly 70% of all energy projects currently proposed are solar, setting the scene for growth spurt in the country using auctions to catch up on the renewable front.
