EBRD funds €12.2 million for Romanian solar projects
Romanian solar energy receives €24.4M investment from EBRD and Eiffel Investment Group to enhance green power generation. More details here.
Business Bytes
Ameresco forecasts strong fiscal year revenue
Ameresco, Inc., a US-based cleantech integrator, reported a 33.9% increase in total revenue for the quarter ending June 30, 2024, reaching $438.0 million, driven by a 44.5% rise in Projects revenue. Despite this growth, the gross margin fell to 14.9% due to $6.6 million in cost revisions for SCE projects and a shift toward lower-margin…
Fourth Partner Energy secures $275M investment
The International Finance Corporation, Asian Development Bank, and Germany’s DEG have invested $275 million in India’s Fourth Partner Energy. More details here.
Solar recycling initiative announced by RNWBL
A partnership between RNWBL and SOLARCYCLE aims to recycle 200,000 solar panels in 2024. Find out more about their partnership here.
Schletter joins Enstall, boosting solar mounting solutions
Enstall has strengthened its European market presence by acquiring Schletter Group. Read more about this acquisition here.
BrightNight gains $440 million investment for solar projects
BrightNight has secured $440 million from Goldman Sachs to expand renewable energy projects. Learn more about this significant investment and its impact here.
KKR acquires majority stake in Avantus solar firm
Avantus has secured $522M funding for solar projects in addition to its acquisition by KKR. Read about the funding details and future development plans here.
Bragar Eagel & Squire file Class Action against Maxeon
Bragar Eagel & Squire has announced class action for Maxeon Solar Technologies stockholders. Learn about the lawsuit and respective stockholders’ legal rights here.
Enphase faces Securities Lawsuit for misleading investors
A Class action lawsuit has been filed against Enphase Energy for alleged Securities Exchange Act violations. More on the lawsuit and its implications here.
LRE secures $1.25 billion facility for 1 GW hybrid projects
A $1.25 billion construction warehouse facility has been obtained by Leeward Renewable Energy for wind, solar, and battery projects. Learn about this strategic financial initiative. here.