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SunPower stock crashes 70%

The company’s share price fell below $1 as it announced it is halting some operations and ending its lease and power purchase agreement offerings, among other actions.

BlackRock’s climate infrastructure unit increases stake in Brite Energy Partners

BlackRock’s climate infrastructure business has increased its stake in Brite Energy Partners. The KRW 100 billion ($72 million) investment will help to scale the South Korean independent power producer’s solar portfolio and expand its energy storage and EV charging operations.

Masdar raises $1 billion with second green bond

Abu Dhabi-based Masdar has raised $1 billion through a new bond issuance. It says the investment will fund equity commitments on new greenfield projects, several of which are in developing economies.

ILB Group to acquire Malaysian solar business, assets

Malaysia’s ILB Group Bhd is acquiring Armani Sinar and its solar assets for MYR 98 million ($21 million) in cash. This deal will increase its PV capacity from 13 MW to 30 MW.

Solar corporate funding hits $16.6 billion in H1

Corporate funding in the solar sector reached $16.6 billion in the first half of this year, according to Mercom Capital Group. It says most funding came via debt financing, as venture capital and public market financing fell.

Hungary refinances rebate scheme for residential solar

The Hungarian government is investing an additional HUF 30 billion ($83.9 million) into its HUF 75.8 billion rebate program for residential solar and storage systems. The scheme, which launched in January, is now expected to support more than 25,000 households.

The Hydrogen Stream: Germany grants €4.6 billion to 23 green H2 projects

The German government has granted €4.6 billion ($5 billion) for 23 green hydrogen projects, while BP has revealed separate plans to develop a 100 MW green hydrogen installation in Germany.


Naked Energy secures GBP 17 million of new equity

Naked Energy has obtained GBP 17 million ($22 million) in new equity. The UK-based photovoltaic-thermal (PVT) system supplier says the investment, led by E.ON and supported by Barclays, will help “supercharge its global expansion.”

Brookfield acquires controlling stake in Leap Green Energy

Brookfield will initially invest more than $200 million in Leap Green Energy by subscribing to new shares and acquiring shares from current shareholders.

Grenergy secures financing for two phases of world’s biggest battery project

Madrid-headquartered independent power producer (IPP) Grenergy has reached financial close on the first two phases of its Oasis de Atacama solar and battery energy storage hybrid project in Chile.


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