Author: Staff

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Funding and M&A Roundup: Matrix Renewables Secures $322 Million Debt Funding

From: Mercom Capital Group Matrix Renewables, a global renewable energy company, and Santander Corporate & Investment Banking closed a €300 million (~$322 million)...

May 15, 2024

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Staff

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Finance and M&A

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Other
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Project Finance Brief: BrightNight and Cordelio Secure $414 Million for Solar Project

From: Mercom Capital Group BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit...

May 15, 2024

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Staff

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Finance and M&A

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Solar
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Plug Power’s Losses Deepen Despite Cost-Cutting Measures

U.S.-based hydrogen fuel cell company Plug Power‘s loss-widening streak continued even after it announced cost-cutting measures following the resolution of going...

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Fewer Installation Delays in 2023 Boost Utility-Scale Solar Projects in US: EIA

The United States power sector faced fewer delays in installing new utility-scale solar photovoltaic (PV) projects in 2023 compared to 2022, according to a recent...

May 14, 2024

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Staff

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Other

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Renewable Energy
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Greenko to Supply Green Ammonia to Norway’s Yara from Andhra Pradesh Facility

Norway-based ammonia trader and distributor Yara Clean Ammonia has signed a term sheet with Greenko ZeroC, the green ammonia production arm of the India-based AM Green,...

May 14, 2024

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Staff

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Renewable Energy
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East Central Railway Issues Empanelment Tender for 2 MW Rooftop Solar Projects

The Dhanbad Division of East Central Railway has invited bids for state-wise empanelment of agencies to implement 2.017 MW of grid-connected rooftop solar power projects...

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US May Impose Duties on Indian Aluminum Extrusions Used in Solar Mounting and Trackers

The U.S. Department of Commerce has announced a preliminary determination that aluminum extrusions from India, used in racking, trackers, and mounting frames for solar...

May 13, 2024

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Staff

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Markets & Policy

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Solar
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Grew Energy to Build 3.2 GW Solar Module Facility in Jammu & Kashmir

Grew Energy, a renewable energy venture of the Chiripal Group, announced plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir. The...

May 10, 2024

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Staff

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Manufacturing

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Solar
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India Now Third Largest Solar Power Producer But Emissions Rise in 2023: Report

India’s power sector emissions rose 7.2% in 2023 from the previous year as a decline in hydropower generation due to droughts, particularly in the second half of...

May 10, 2024

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Staff

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Uncategorized
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Researchers Strategize Reduction of Water Use in Solar Cell Manufacturing

In a recent paper published in Solar Energy, researchers said they collected data from a solar cell factory to develop and evaluate water recycling strategies in the...

May 10, 2024

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Staff

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Solar

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Technology
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Array Technologies Swings to Q1 Loss as Lower Prices Bite

Array Technologies, a utility-scale solar tracker supplier, reported a net loss of $11.3 million in Q1 2024 from a net income of $17.2 million in the same quarter last...

May 10, 2024

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Staff

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Finance and M&A

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Solar
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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

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Sunrun Narrows Loss in Q1 2024 as Storage Installations Grow 15% YoY

U.S-based solar energy, battery, and storage service provider Sunrun incurred a net loss of $87.8 million in the first quarter (Q1) of 2024 due to the company...

May 10, 2024

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Staff

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Finance and M&A

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Solar
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Oriano, Waaree, Prozeal: Leading Solar EPC Companies in 2023

Oriano, Waaree Renewable Technologies, Prozeal Green Energy, Tata Power Solar, and Gensol Engineering emerged as the top utility-scale solar engineering, procurement,...

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GreenCell Mobility Secures ₹3 Billion for Electric Bus Fleet in Uttar Pradesh

Electric mobility company GreenCell Mobility has secured ₹3.07 billion (~$37 million) in green financing from Japan-based bank Sumitomo Mitsui Banking Corporation (SMBC)...

May 9, 2024

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Staff

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Electric Vehicles

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