expansion

Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.

Orlen Wind 3 has acquired a solar portfolio in Poland, where expansion work is currently underway to expand the capacity to 280MW.

The credit facility consists of US$275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.

Masdar and PLN Nusantara Power will expand the capacity of the 145MW Cirata floating solar project in Indonesia to up to 500MW.

Minnesota authorities have approved a plan submitted by Xcel Energy to expand the capacity of its Sherco Solar project to 710MW.

German renewables developer Pure New Energy (PNE) intends to scale up to an 8GW solar PV pipeline in the next five years.

Toledo Solar is looking into expanding its manufacturing capacity in Europe, with an initial annual capacity of 400MW of thin-film modules.

Solar developer Lightsource bp has entered the East Asia market with a 150MW project co-locating solar with fishery in Taiwan.

Lightsource bp is eyeing solar opportunities throughout Asian markets as it progresses towards its target of deploying 25GW of solar PV by 2025.

Hangzhou First Applied Materials’ board has approved plans to increase its production capacity for PV films and backsheets.