EBRD loan to fund 150 MW of solar in Turkey
The European Bank for Reconstruction and Development will contribute up to $100 million to support 150 MW of solar capacity, plus 53 MW of wind.
UK council has finance decisions removed after splurge on solar projects
The local authority in Thurrock, England, has had control of its financial decisions passed to neighboring Essex County Council after racking up debts of more than GBP 1 billion ($1.1 billion) over four years, including more than GBP 800 million invested in solar bonds.
Solar companies consider reduced income to help UK households
Solar Energy UK members have made positive noises about a plan to shift historic, fixed-payment incentive contracts over to contracts-for-difference deals, which would limit the profits they would receive from soaring energy prices.
Greece readies €340 million grid-scale storage plan
Developers in Greece will bid to secure annual payments for large-scale storage facilities that must be operational before 2026.
Pension funds set to buy Dutch rooftop solar installer
The European Commission has an eye on the potential acquisition of Groendus by public retirement funds in the Netherlands and Canada.
Solar Philippines to build 4 GW solar farm in Nueva Ecija, Bulacan provinces
Solar Philippines, a Manila-based PV module manufacturer and project developer, is looking to secure at least 2,500 hectares of land to expand its 500 MW flagship solar project to 4 GW.
Meyer Burger ramps up solar panel plans
Switzerland’s Meyer Burger is accelerating the expansion of its solar panel production capacity, following the extension of the US solar tax credit for PV manufacturers and an order from developer DE Shaw for 3.75 GW of US-made heterojunction modules.
Shoals reports record Q2 revenue, profit despite challenges
US balance-of-system specialist Shoals posted record revenue and gross profit in the second quarter on rising sales of components and strong demand for its combine-as-you-go system.
Record solar investment keeping Chinese economy afloat
Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF.
Net losses triple at US tracker maker after acquisition
New Mexico-based Array Technologies is keen to emphasize the revenue benefits of buying Spanish rival STI Norland and said US President Joe Biden’s Inflation Reduction Act would also be good for business.
