project acquisition

Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.

Chilean PV developer Verano Energy has acquired 15 solar projects in Chile totally 116MW for an undisclosed amount, bringing its total project pipeline in the country to over 1.5GW.

Renewables investor Aquila European Renewables Income Fund has acquired a 100MWp solar PV portfolio currently in construction in Spain, doubling its portfolio's current solar PV capacity.

Greek renewables developer Mytilineos has agreed to sell 100MW of PV projects in southern Spain to Aquila Capital for an undisclosed amount as the German investment firm continues to expand its European PV portfolio.

US solar developer Sol Systems has acquired a 540MW portfolio of PV plants in Illinois from renewable asset manager Arevon Energy.

Corporate funding in the global solar sector reached a ten-year high in 2021 as the industry recovered from a COVID-affected 2020, new research from Mercom Capital Group reveals.

Canadian Solar has completed the sale of a 635MWp solar PV plant in Brazil to renewable energy company VTRM Energia Participações.

Spanish energy company and pulp producer Ence is selling a portfolio of five solar PV assets in southern Spain to utility Naturgy.

Austrian utility Verbund is acquiring a 147.6MWp PV project in southern Spain from renewables developer BayWa r.e. as part of the company’s planned solar expansion.

Solar investor and asset manager NextEnergy Capital Group (NEC) is said to be looking to sell a portfolio of solar projects in Italy for more than €400 million (US$453 million), according to Reuters.