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.
Firm finds PV power plant project merger and acquisitions were the only bright spot in the global solar funding sector in Q1 2020, as corporate project funding sharply declined year-on-year.
COVID-19 has ‘exposed the vulnerability’ of value chains, says development bank as it advises other countries to develop domestic PV sector through standalone or collective action.
Solar investor NextEnergy Capital (NEC) has continued its fledgling foray into the US solar market, completing on string of community assets across New York.
Firm vows to ramp up investment ‘as soon as possible’ after decree puts construction on hold in its home country, with a spokesperson telling PV Tech long-term funding is not expected to be hit.
