Markets & Finance

Shakti Pumps raises US$34 million for 2.2GW solar cell and module plant in India

July 9, 2025

Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.

Sunotec buys Latvian solar-BESS project from Danish Sun Energy

July 8, 2025

Bulgarian-headquartered solar engineering company Sunotec has acquired 100% of the project company, SIA DSE Lazas Solar, from Danish Sun Energy.

Trump executive order seeks to limit access to solar deployment subsidies

July 8, 2025

Donald Trump has issued an executive order to tighten restrictions on renewable energy tax credits just days after signing his “One, Big Beautiful Bill” act into law, which significantly cut federal support for renewables.

German solar glass manufacturer GMB enters insolvency

July 8, 2025

German solar glass manufacturer Glasmanufaktur Brandenburg (GMB) has filed for insolvency after posting monthly losses of €900,000 this year.

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NEM data spotlight: Rooftop solar prices spike to AU$225.57/MWh in Australia

July 8, 2025

In the latest NEM data spotlight, solar generation in Australia reached its yearly lowest month, while rooftop solar prices spiked to AU$225.57/MWh.

ReNew Power receives final buyout offer at US$8 per share

July 7, 2025

ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.

Ardian completes French IPP Akuo acquisition

July 7, 2025

Private equity firm Ardian has completed the acquisition of French independent power producer Akuo, a transaction unveiled in March 2025.

European PV module price and buyer confidence fall slightly in June 2025

July 7, 2025

In Europe, PV panel prices fell marginally between May and June, leading to a slight downturn in European module buyers’ market confidence.

Skycorp commits US$150 million to expand PV portfolio

July 4, 2025

Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.

Germany innovation tender ends up four times oversubscribed with €0.0615/kWh average price

July 4, 2025

Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.

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