investment

Oil and gas major BP has increased its stake in international solar developer Lightsource BP in a bid to accelerate the firm’s growth.

PV Evolution Labs (PVEL), Lloyd's of London syndicate Ariel Re (a member of Argo Group), and Beecher Carlson Insurance Services, LLC have launched PV PlantProtect. This is the first-of-its-kind risk mitigation and insurance program using technical due diligence best practices to improve solar project economics for developers.

Finlay Colville, head of market research at Solar Media, unveils significant growth in the UK’s utility-scale solar pipeline as the market looks set to return to gigawatt-level demand in 2020.

LONGi Green Energy Technology Co, the largest monocrystalline wafer producer is planning a new 10GW monocrystalline silicon ingot manufacturing plant in Tengchong City, Yunnan Province, China.

Enel has announced a multi-billion-euro upgrade to its renewables investment programme as the utility plans to derive 60% of its power generation from renewables by 2022.

Grenergy Renovables has penned a solar supply agreement with Spanish utility Galp, its first such arrangement in the country.

Genex Power has secured AU$175 million (US$117 million) of debt to finance a new 50MW project and refinance an existing 50MW project in Australia.

The latest release of PV-Tech’s unique PV ModuleTech Bankability Rankings report confirms the exclusive status today afforded to just four PV module suppliers (JinkoSolar, LONGi Solar, Canadian Solar and First Solar), in being the only companies to have AA-Rating module bankability status within the industry today.

US solar developer Silicon Ranch is to develop a new 107MWac solar farm to power Facebook’s data centre in Newton County, Georgia.

European Investment Bank approves support to 218MW PV portfolio in Spain after drawing global headlines with vote to end funding to unabated coal, gas and others by 2021.