German private equity firm Allianz Capital Partners on behalf of Allianz insurance companies announced on October 25 that it has closed the acquisition of the 46 megawatt (MW) Ourika project in Portugal. The solar farm is fully operational and has been developed by the Irish renewable energy company WElink Group.
Spanish power utility Iberdrola has agreed to divest its solar thermal power asset located in the town of Puertollano, Ciudad Real (Spain) by selling it to pulp and renewable biomass energy producer Ence Energía, S.L.U. The transaction involves the sale of 90% of the shares in Iberdrola Energía Solar de Puertollano, S.A., the company which owns the 50-megawatt (MW) solar thermal generation unit.
UK based leader in perovskite solar technology, Oxford PV, announced on April 24 that it has secured a further £8.02 Million in funding from its existing investors including Statoil and Legal & General Capital, to continue the commercialisation of its disruptive perovskite-on-silicon tandem solar cell technology.
The California Energy Commission announced yesterday the adoption of building standards that require solar photovoltaic systems starting in 2020. The building energy efficiency standards, which are the first in the nation to require solar, will reduce greenhouse gas emissions by an amount equivalent to taking 115,000 fossil fuel cars off the road.
U.S. based financial technology company CleanCapital announced yesterday its largest solar acquisition to date from X-Elio, a Spanish developer with U.S. operations based out of Reno, Nevada. The 14.23 MW portfolio leverages capital from CleanCapital’s new partnership with CarVal Investors. Read more