Plenitude expands portfolio in Italy and Spain with acquisition of PLT

Australian solar equipment manufacturer 5B has been appointed to supply its Maverick module technology to a 95MW hybrid power station in Western Australia. The project, developed and constructed by Zenith Energy, will feature a 16MWp solar installation from 5B to support the operation of a battery metals mine, the Kathleen Valley Lithium Project. Once complete, it will operate on 60% renewable energy and is expected to be Australia’s largest off-grid renewable energy hybrid power station.

French renewables company Voltalia has signed a €250 million (US$268 million) syndicated credit facility that will be used to pre-finance construction work on new power plants. The new credit line brings the total amount of credit facilities available to the company to €490 million, while it will replicate previous...

The solar industry of the future could see frontier markets become core countries for investment while developers may explore more decentralised projects to overcome land challenges. They were two of the key takeaways from a panel discussion at the Solar Finance & Investment Europe event, hosted by PV Tech publisher...

A lack of engineering, procurement and construction (EPC) capacity in Spain represents a key challenge for the country’s solar industry as PV plant deployment soars and the government authorises gigawatts of new projects. Panellists during last week’s Solar Finance & Investment Europe event discussed the outlook for Spanish solar...

Italian renewable energy group Enel Green Power has reportedly entered talks to sell a stake in its 3GW PV module manufacturing facility in Sicily. According to Reuters, renewables investor and asset managerNextEnergy Capital is poised to buy a minority stake in the facility, though an official announcement from Enel is expected to be issued in the coming days.

A round-up of the latest news from the power purchase agreement (PPA) market, including a virtual PPA between EDF and Thermo Fisher Scientific in Texas, Engie signing a 116MW PPA with Digital Realty in Germany and PG&E securing 30MW of community solar PPAs. EDF Renewables signs 200MW VPPA with Thermo...

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market. Enlight Renewable Energy said the reference price per share would be US$20.96. It added, “We intend to use about US$225 million...

Power purchase agreements (PPA) were signed last year compared to 2021, although contracted PPA volumes dropped by more than 20%, according to the European PPA Market Outlook 2023 conducted by Pexapark. In 2022, the total number of PPA deals in Europe increased by 4.5%, with at least 161 deals compared...

Heterojunction cell and module manufacturer Meyer Burger has signed a supply agreement for silicon wafers with Norwegian solar energy company NorSun. The deal will allow Meyer Burger to increase its share of European-sourced wafers, strengthening “the resilience of its supply chains” as it aims to expand its solar cell and module production to 3GW of annual capacity by 2024.

High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022. Prices have increased 60% year over year, and are up 11.4% from the previous quarter as continued inflation, rising interest...

2022 saw the arrival of DAS Solar as one of the PV industry’s rising stars, the five-year-old company attracting strategic investment from, among others, China Merchants Venture Capital, Three Gorges Capital and Yongfu Shares. Since May, the company has consistently been among the leading candidates in project bidding lists,...

Chinese solar cell manufacturer Aiko Solar plans to issue a global depository receipt (GDR) and apply for a listing on the Swiss Stock Exchange to improve its competitiveness. The GDR will be based on the company’s ordinary shares (A-shares) as underlying securities. The company’s newly added A-shares as underlying...

Renewables asset owner Brookfield Renewable has reported a 2022 net income of US$138 million, improving from a loss a year earlier of US$66 million in the same period. In Q4 2022, Brookfield Renewable recorded a net income of US$60 million, increasing from US$33 million in Q4 2021. The company posted...

Having shipped more than 44GW of PV modules last year, Chinese manufacturer JinkoSolar is expecting that figure to increase by 50% in 2023. PV Tech spoke to JinkoSolar vice president Dany Qian about module pricing, the prospects for TOPCon and the company’s key objectives for this year. Did the...

Agrivoltaics developer Pristine Sun Corporation has secured US$250 million in financing to develop and expand its projects in California, Texas and Louisiana, as well as further afield across the continental US. Pristine said that the investment could allow it to develop, finance and build up to 5GW of solar projects....