UVcell Solar expands reach with Eragene acquisition
Eragene, a Malaysian sustainable energy company, has been acquired by UVcell Solar, expanding UVcell’s reach in Asia. Additional information here.
Business Bytes
Trina Solar reports 27% revenue growth
At $16.09 billion, Trina Solar has reported a 27% YoY growth in its revenues for FY 2023. This and more about the company’s financials in the article.
Matrix Renewables closes €300 million financing
Santander CIB has collaborated with TPG Rise-backed Matrix Renewables to close a €300 million corporate debt financing. More details on the funding here.
JA Solar sets new shipment benchmark
In its 2023 annual report, JA Solar reported 57 GW of shipments and plans to exceed 100 GW in 2024. More figures and forecasts here.
Gentari acquires Fortum’s Indian solar assets
Fortum has sold its Indian solar portfolio to Gentari Renewables India, including four solar power plants with a total capacity of 185 MW. More details here.
Avaada Energy secures INR 1,190 crore green financing
State Bank of India has financed Avaada’s 400 MW solar project in Gujarat with a 20-year loan facility. Read more about the financing details.
Complete Solaria reaches agreement with Kline Hill
Kline Hill Partners has invested in Complete Solaria’s future through debt-to-equity swap and additional cash commitment. Details on this agreement available here.
First Solar reports Q1 2024 results
First Solar has reported Q1 2024 revenue of $794 million, alongside decreased net income and cash reserves. More on the company’s earnings here.
Iberdrola and Norges Bank expand RE capacity in Iberia
Norges Bank Investment Management and Iberdrola aim to expand renewable energy capacity in Iberia. Learn more about this alliance and its plans here.
SunPower announces strategic business changes
US based SunPower Corporation is restructuring its business to improve financial stability and operational efficiency. See what this means for the company here.