Alpex Solar launches highly oversubscribed IPO
Alpex Solar, an India-based solar manufacturer, says it plans to use the proceeds of its highly oversubscribed initial public offering (IPO) to expand its PV panel capacity from 450 MW to 1.2 GW, in addition to setting up an aluminum frame manufacturing unit.
U.S. publicly traded solar installer Sunworks files for bankruptcy
The residential, commercial, industrial, and agricultural solar installer files for bankruptcy amid troubled macroeconomic conditions for distributed solar nationwide.
Weekend Read. COP: A solar flop?
Tripling clean energy generation capacity to 11 TW by 2030 was a leading pledge from the United Nations’ (UN) climate change conference in Dubai. With few details about infrastructure and energy storage and no clear PV targets, however, it is hard to judge the effectiveness of the 28th global Conference of the Parties (COP) meeting. Angela Skujins considers possible impacts for the solar industry.
RWE to build solar farm in Greece, battery storage in Netherlands
RWE and PPC have announced the final investment decision for the construction of a 450 MWp solar plant in Greece through their joint venture, Meton Energy S.A. RWE has also shared the details of a 35 MW/41 MWh battery storage project – its first utility-scale storage facility in the Netherlands.
REC Silicon to shut down polysilicon business in Montana
REC Advanced Silicon Material LLC is shutting down one of its two polysilicon production facilities in the United States. It says the decision is primarily due to regional structural imbalances in supply and demand for electricity.
Blended finance key to scaling small-scale solar projects
The Institute for Energy Economics and Financial Analysis (IEEFA) and auctusESG say in a new report that scaling up financing for renewable energy assets such as solar minigrids depends on the combination of private and public capital in a risk-adjusted return structure.
Global solar corporate funding up 42% in 2023
Investors and developers raised more than $34.3 billion in 160 deals last year, according to a new report by Mercom Capital.
European Commission wary of trade measures to protect solar industry
The European Commission has warned about the potential impact of trade measures on Europe’s renewable energy rollout, but has shied away from outlining emergency measures to address the continent’s solar manufacturing crisis.
‘UK solar will forge ahead no matter who is in government’
With United Kingdom Prime Minister Rishi Sunak appearing to have decided green policy, or rather, anti-green policy should be used to rally voters to his party’s bid for re-election this year – and with the opposition Labour party vacillating over a promise to spend £28 billion ($35 billion) per year on green investment – Adam Swarbrick, of RWE Renewables UK, gives an update on the prospects for United Kingdom solar.
Greek utility secures funding for 550 MW PV plant at former coal mine
Greece’s Public Power Corp. (PPC) has secured funding for the construction of a 550 MW solar plant at a former lignite mine. The state-owned utility says that, upon completion, the plant will cover almost 2.5% of domestic electricity generation.
