Highfield Solar has achieved financial close for a 93 MWp solar plant in Ireland, securing €65 million ($70.6 million) of debt financing. Installation of the project’s grid-connection infrastructure has already begun, with construction of the actual solar array to be finished by September 2024.
The two UK companies are joining forces to consolidate and develop opportunities in the residential and commercial energy solutions market.
SBM Offshore has installed a floating facility in Monaco to produce green hydrogen from renewables, while Axpo and its partners have revealed plans to use hydrogen to power a passenger vessel in Switzerland.
Malta has extended its feed-in tariffs (FITs) and a rebate scheme to support the adoption of residential solar and battery energy storage systems for another year. The authorities will start accepting applicants for the two initiatives again from Feb. 23.
Socomec says its new modular energy storage system includes a converter and up to six battery cabinets. At maximum capacity, it can store 1,116 kWh.
Swiss solar panel maker Meyer Burger will seek shareholder approval for a rights issue of as much as CHF 250 million ($284 million) to finance the completion of its US manufacturing facilities in Colorado and Arizona.
Brite Solar, a Greek specialty module manufacturer targeting the agrivoltaics greenhouse and PV canopy segments, is building a 150 MW production line. Marketing its modules to farming cooperatives, integrators and installers since the end of 2022, Brite solar has pilot installations in North America, Southeast Asia, and Europe. In January it announced raising $9.26 million in venture capital.
Kaco New Energy’s new silicon carbide inverters feature an efficiency rating of 99.1% and a European efficiency of 98.7%.
Swedish virtual power plant software platform developer Fever Energy is expanding into Europe enabled by a $10.81 million round of venture capital.
The renewables unit of Portuguese energy supplier EDP has commissioned Portugal’s second solar-wind hybrid project. It has installed 36 thousand bifacial panels alongside 13 wind turbines to produce 79 GWh of renewable energy per year.
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