Tiamat secures funding for sodium-ion gigafactory in France
French sodium-ion battery maker Tiamat has raised €30 million ($32.6 million) in equity and debt financing. It will use the funds to launch the construction of a 5 GWh production plant in the Hauts-de-France region.
Solar corporate funding hits decade-long high in 2023
PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to Mercom Capital Group.
Chinese PV Industry Brief: Jinchen to raise funds for production equipment
Jinchen says it aims to raise CNY 1 billion ($140 million) through a private placement of shares.
Northvolt secures $5 billion for Europe’s first circular gigafactory
Europe’s leading battery maker, Northvolt, has signed a $5 billion non-recourse project financing arrangement to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
German companies unite to bring virtual power plants to mid-sized businesses
Germany’s Electrofleet has invested in its virtual power plant technology partner Dieenergiekoppler. The two collaborate to enable mid-sized businesses to use self-produced renewable energy based on fixed price contracts. Dieenergiekoppler’s latest financing round solidified the collaboration.
Japan PPA market now includes solar carports
Sumitomo and Shikoku Electric have agreed to sell solar power to Japanese retailer Aeon Mall under a power purchase agreement (PPA). Around 15 MW of solar carports are now being developed to supply the electricity.
First Solar closes $700 million in tax credit transfer sales
US module manufacturer First Solar has closed the sale of US Inflation Reduction Act (IRA) tax credits.
SunPower breaches credit agreement, warns business may go under
SunPower, a publicly traded US solar company, has issued a warning about its business in a new regulatory filing, raising concerns about its ability to remain viable.
Octopus Energy Group receives $800 million investment
British renewable energy company Octopus Energy Group announced it would use a recent $800 million investment to “drive real scale” of heat pump manufacture and installation, and create 3,000 new jobs.
Adani Green Energy sets up new subsidiaries
Adani Green Energy has established two new units, Adani Renewable Energy Fifty One and Adani Renewable Energy Fifty Five.
