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U.S. Department of Energy announces $125.5 million in new funding for solar technologies

February 5, 2020/in Business/by Solar Business Hub

The U.S. Department of Energy (DOE) announced today up to $125.5 million in new funding to advance solar technology research. Through the Office of Energy Efficiency and Renewable Energy’s (EERE’s) Solar Energy Technologies Office (SETO), DOE continues to advance research and development of solar technologies that reduce the cost of solar, increase the competitiveness of American manufacturing and businesses, and improve the reliability of the grid.

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Above Surveying secures investment round to grow its aerial solar inspection and data analysis business and expand internationally

January 20, 2020/in Business, Press Release/by Solar Business Hub

Above Surveying, the solar industry’s leading aerial solar inspection and data analysis company, has secured expansion capital from multiple family offices to advance and develop its service offerings.

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The Kresge Foundation, CEG and NYCEEC announce $3.3 Million commitment to advance solar and storage technologies in low-income communities in the U.S. 

January 14, 2020/in Business, Press Release/by Solar Business Hub

The Kresge Foundation, Clean Energy Group (CEG) and New York City Energy Efficiency Corporation (NYCEEC) announced today a groundbreaking $3.3 million commitment – through a Kresge loan guarantee and connected grants – to accelerate the market development of solar PV plus battery storage (solar+storage) technologies in historically underserved communities.

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Alectris signs MOU with Artelia to jointly deliver O&M services to solar assets in Vietnam

December 20, 2019/in Business/by Solar Business Hub

Alectris, the ACTIS ERP’s software provider and solar operations & maintenance and asset management company, announced it has signed a MOU with Artelia Vietnam, a multi-disciplinary consultancy, engineering and project management group, to jointly deliver operation and maintenance services (O&M) to solar assets throughout Vietnam.
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Yellow Door Energy to supply solar power to Jordan’s Aqaba Special Economic Zone Authority

December 10, 2019/in Business/by Solar Business Hub

Yellow Door Energy, a leading commercial solar developer in the Middle East, has signed a solar agreement with Aqaba Special Economic Zone Authority (ASEZA).

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IFC and NADB provide US$200 Million loan to IEnova to fund four solar power plants in Mexico

December 5, 2019/in Business/by Solar Business Hub

The International Finance Corporation (IFC), a member of the World Bank Group, and the North American Development Bank (NADB) announced it will provide US$200 million in green loans to Infraestructura Energética Nova S.A.B. de C.V. (IEnova), to finance four solar power plants with a total capacity of 376 MW across Mexico.

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GlobalData forecasts solar PV installation in Poland to reach 3.15 GW by 2022

December 5, 2019/in Business/by Solar Business Hub

Poland has registered phenomenal growth in solar photovoltaics (PV) installations in 2019 and is expected to install 3.15 gigawatt (GW) of capacity by 2022, according to GlobalData, a leading data and analytics company.

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Ingka Group invests in two solar PV projects totaling 403MW in Utah and Texas

September 27, 2019/in Business/by Solar Business Hub

Ingka Group, a holding company based in the Netherlands that owns and operates IKEA retail under franchise agreements with Inter IKEA Systems B.V., announced it has reached an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 49% stake in two solar PV projects in Utah and Texas. With a total of 403 megawatt capacity this development ranks among the larger Solar Photovoltaic (PV) projects in the United States.

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Solarpack closes the acquisition of Tacna Solar and Panamericana Solar power plants in Peru for US$ 51.5 million

September 18, 2019/in Business/by Solar Business Hub

Spanish solar developer Solarpack Corporación Tecnológica, S.A.,  announced the closing of the acquisition of 90.5% of the solar photovoltaic projects Tacna Solar and Panamericana Solar with Tawa Solar Fund LP and the rest of the Projects’ shareholders, for US$ 51.5 million.

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174 Power Global closes financing for $210 million 150MW first phase of West Texas Solar Power Plant

September 18, 2019/in Business/by Solar Business Hub

US-based solar developer 174 Power Global Corporation, an affiliate company of business conglomerate in South Korea Hanwha Group, announced the closing of construction financing for the $210 million 150 MW first phase of a solar power plant near Odessa, Texas.

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Adani Green Energy to acquire 205 MW operating solar assets from Essel Group in India

September 11, 2019/in Business/by Solar Business Hub

India-based renewable energy company Adani Green Energy Limited (AGEL), announced it has signed a securities purchase agreement to aquire 205 MW operating solar assets from Indian Essel Group companies Essel Green Energy Private Limited (EGEPL) and Essel Infraprojects Limited (EIL).

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EnBW acquires French solar and wind developer VALECO

June 12, 2019/in Business/by Solar Business Hub

Germany-based energy supply company EnBW Energie Baden-Württemberg AG announced that after having received the final official approvals, it closed the acquisition of French developer and operator of wind and solar farms VALECO on 3 June 2019.

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