Omani polysilicon factory secures $220 million
Oman Arab Bank is the latest investor in a major polysilicon manufacturing facility currently under development in Oman, after signing a $220 million financing agreement with project developers United Solar Polysilicon.
Saudi Arabia secures financing for 15 GW of new solar and wind capacity
A consortium led by Acwa Power, Water and Electricity Holding Co. (Badeel) and Saudi Aramco Power Co. has secured a $5.9 billion senior debt facility for seven Saudi Arabia renewable energy projects totaling 15 GW across solar and wind.
Palestine Investment Fund provides update on solar deployment in Jerusalem
A financing program run by the Palestine Investment Fund and European Union has helped to install solar systems at Jerusalem-based companies and projects, leading to annual electricity cost savings of around €250,000.
Nexwafe secures cash injection from EU scale up funding
German solar wafer manufacturer Nexwafe is one of eight companies receiving investment in the latest round of the European Commission’s Strategic Technologies for Europe Platform (STEP) Scale Up call, an initiative addressing a market gap in deep tech funding in Europe.
Technique Solaire buys Iberdrola’s French renewables unit
Technique Solaire says it is acquiring 100% of Iberdrola Renouvelables S.A.S., expanding its French onshore wind and solar portfolio with 118 MW of operating assets and a 639 MW development pipeline.
Capture price exposes true performance of solar plants
French solar engineering firm kiloWattsol says technical assessments show that capture-price analysis provides a more accurate measure of photovoltaic asset performance than France’s monthly M0 benchmark, as price volatility and negative wholesale prices increase.
M&A activity intensifies in French solar sector
French agrivoltaic developers Calycé and CalyWattSol have formed Calycé Sun to pursue large farm-based solar projects, while crowdfunding platform Enerfip has agreed to acquire rival Lumo as domestic investment volumes continue to rise.
European heat pump subsidies tightening, says EHPA
Analysis by the European Heat Pump Association finds several European countries have restricted available heat pump subsidies over the last two years, with the general trend moving towards targeted aid linked to low-income or energy performance.
EU finalizes €1 billion industrial heat decarbonization pilot auction
The IF25 Heat Auction will offer a fixed premium subsidy to projects that electrify industrial processes using technologies such as heat pumps, induction heating, solar-thermal and geothermal heat systems. The bidding window is expected to open in early December.
Pexapark notes significant increase in European PPAs in October
Swiss-based analytics firm Pexapark recorded 30 power purchase agreements (PPAs) in Europe in October totaling 2.06 GW of contracted capacity, the highest monthly volume reported so far this year.
