ArcTern Ventures leads King Energy’s $7M renewable energy funding
King Energy has secured $10 million in funding to expand its solar financing platform. Details on this strategic expansion here.
Business Bytes
UWC seeks bidders for a 4 MW solar and BESS project
The University of the Western Cape has opened a tender for a 4 MW Solar and BESS project under a BOT model. More about tender requirements here.
Tata Power extends affordable solar campaign to Tamil Nadu homes
Tata Power Renewable brings solar solutions to Tamil Nadu under ‘#GharGharSolar’ with financial incentives. Learn more about this initiative here.
Investors urged to investigate First Solar’s performance issues
Bronstein, Gewirtz & Grossman, LLC is investigating investor claims regarding First Solar’s stock decline. More information on the investigation here.
BNZ secures €420 million green loan financing
With €680 million in Total IPP Financing, BNZ is planning to expand its PV portfolio to 1.7 GW by 2026. Read more about the financing details here.
Avaada Energy closes INR597 crore refinancing for PV
NIIF Infrastructure Finance has provided INR597 crore ($71.1 million) in refinancing to Avaada Energy for its solar projects in Karnataka and Maharashtra. More on this financing here.
BrightNight achieves closing on $260M financing
Arizona’s Box Canyon solar project, co-owned by BrightNight and Cordelio, will power 77,000 homes with clean energy by 2025. More on this $260M investment here.
Vision Solar fined $5 million for deceptive sales practices
A Connecticut court has imposed a $5 million stipulated judgment on Vision Solar for misleading sales tactics and unpermitted installations. More details here.
Crux, CLA assist Balance Solar tax credit sale
Balance Solar’s PV tax credits were sold with the assistance of Crux and CLA, providing financing for community solar projects. More transaction details here.
Trina Solar patents’ validity challenged by Runergy
Runergy has challenged two of Trina Solar’s patents on TOPCon technology. Learn why it calls them unpatentable here.