Finance The European Bank for Reconstruction and Development is leading a syndicate to finance a 1.2 GW solar plant and 600 MWh battery storage facility in Minya, Egypt. The project, backed by a 25-year power purchase agreement, is set to become the largest solar installation in Africa upon completion in 2027.
Finance LGI has acquired the Brigalow and Chinchilla solar farms for $22 million, a price roughly 30 percent of new build costs. The move highlights opportunities for capital-rich buyers in the distressed renewable asset market.
Finance GCL Technology has signed a memorandum of understanding to purchase 81.91% of Sichuan GCL Lithium Battery Technology from Golden Concord Group for approximately CNY 2.5 billion. The deal, which includes a significant share issuance, aims to consolidate GCL's lithium iron phosphate cathode production capacity.
Finance Transrail Lighting has approved a ₹20 crore deal for a 49% stake in NOPL Pace Green Energy, which is developing a 990 MW PM-KUSUM Component C solar portfolio in Maharashtra with a 25-year ₹3.10/unit PPA with MSEDCL. Transrail gets financial and project management control and an option to go to 100%.
Finance The Dutch development bank FMO has secured financing for a major solar installation in northern Ivory Coast. The 50 MW project is set to power 240,000 homes under a long-term agreement with the state utility.
Finance Major Australian wind developers are facing a financing drought, with projects like Bungaban and Yanco Delta unable to secure necessary debt and equity despite full regulatory approvals. The stall reflects broader market shifts, including state utilities exiting new renewables and cancellations due to viability concerns.
Finance Waaree Renewable Technologies posted a 36.5% year-on-year revenue increase to ₹1,057.84 crore, driven by its T&D segment. However, solar EPC revenue dropped 42.2%, and profit after tax fell nearly 30% to ₹81.48 crore.
Finance Sterling & Wilson reported a Q2 revenue decline to ₹1,527 crore, driven by a sharp drop in international sales. Management attributes the slowdown to pending PPAs and financing issues, not execution capacity.
Finance Atmos Renewables has purchased a portfolio of wind and solar assets from European developer BayWa r.e., including the Bullawah wind and battery project. The acquisition expands Atmos's operational and in-construction capacity to exceed 2GW as BayWa r.e. retreats to its European core markets.
Finance Swift Current Energy has filed a lawsuit in New York state court alleging that First Solar knowingly supplied 2.4 million defective cadmium telluride modules. The complaint details significant performance losses, specific manufacturing flaws, and a dispute over warranty testing procedures.
Finance Trina Solar has acquired a 1.6% equity stake in Changzhou Betterial Film Technologies for approximately $5.88 million. The move aims to strengthen upstream supply chain stability by deepening ties with a key materials supplier.
Finance Governor Hochul announced a $37 million Commercial Cohort Initiative to establish four accelerators for clean energy startups. NYSERDA will administer the program, supporting projects from pre-seed pilots to late-stage commercial scale-up.
Finance Flatiron Energy has closed $850 million in financing for the Energizar project, the largest energy storage facility on the East Coast. The 1,200 MWh battery in Chelsea, Massachusetts, is scheduled to begin commercial operations in Q4 2027 to enhance Boston's grid reliability.
Finance The Clean Energy Finance Corporation’s new chief executive has signaled a strategic shift toward supporting large-scale wind projects in New South Wales and Queensland. This move responds to reduced commercial bank appetite and rising construction costs, marking a return to a sector where CEFC previously financed 12 farms.
Finance A new report estimates Odisha requires INR 1.1 lakh crore over the next decade to meet its renewable energy targets. The investment plan prioritizes solar and wind capacity additions alongside significant grid and storage upgrades.
Finance Modi Energy has introduced an energy-as-a-service scheme in Denmark where homeowners pay no upfront costs for solar and battery systems. In exchange, customers receive electricity at a 20% discount to market rates, with the company monetizing stored energy through grid services.
Finance Oswal Pumps Ltd plans a 1.2 GW TOPCon solar cell facility via its subsidiary Oswal Solar Energy Pvt Ltd, with commercial production targeted for April 2028. The INR 456 crore project aims to supply 75% of the company's internal cell needs for its expanding module lines.
Finance Integrated Power Services has acquired Bold Renewables, a Windsor-based provider of field services for legacy solar inverters. The deal adds support for over 4 GW of capacity across North America to IPS's renewable energy portfolio.
Finance TotalEnergies and KKR are adding 700 MW of renewable assets to their existing US joint venture, bringing total capacity to 2.1 GW. The $1.2 billion portfolio, comprising solar projects in Texas and Ohio, is expected to reach commercial operations by early 2027.
