Arevon Energy bags $352M financing for Posey Solar
The 228 MW Posey Solar Project, being constructed by Arevon Energy, has achieved financial closing. Learn more about the financing deal here.
Business Bytes
Gridwealth secures $14M for energy expansion
A $14M investment secured by Gridwealth from West Town Bank and Trust is aimed at expanding renewable energy projects. Find out more about this investment here.
Maxeon Solar releases preliminary financial results
Maxeon Solar’s latest financial report discloses shipment and revenue figures, indicating a consistent market presence. Read more about its financial trends.
European Commission probes solar subsidy distortions
The 2 Investigations initiated by the European Commission aim to uncover distortions in PV subsidies in procurement. More on the investigations here.
EDF and Serena completes share swap for renewable projects
Renewable energy companies, EDF Renewables Brasil and Serena Geração, have concluded an asset swap deal. Explore the details of this agreement here.
SolarEdge acquires Wevo for enhanced EV charging
The acquisition of Wevo Energy Ltd. by SolarEdge Technologies enhances its EV charging capabilities. Read more about this acquisition here.
Recurrent Energy secures multi-currency funding
With a €110 million funding, Recurrent Energy is set to enhance its solar PV and storage projects. Dive in for more details.
GuarantCo backs Africa GreenCo with $27M guarantee
A $27 million guarantee from GuarantCo boosts RE efforts in Southern Africa, enabling up to $ 270 million for IPPs through Africa GreenCo. More details here.
Husk Power Systems secures USD 20M EIB financing
The European Investment Bank (EIB) has provided Husk Power Systems with a USD20 million debt financing for its expansion in Nigeria. More about the deal here.
Torrent Power reports significant growth for FY2022-23
Reporting a remarkable surge in its revenues for FY 2022-23, Torrent Power says it is poised to pursue growth opportunities. More on its earnings here.