PNM Resources and American Electric Power plan to sell their 50% stake in New Mexico Renewable Development, LLC to Exus North America Holdings for approximately $230 million. The sale supports PNM’s capital investments, with a $115 million share. The sale, expected to close in February 2024, awaits regulatory approvals. KeyBanc Capital Markets advises, and Foley…
RenewSys launches India’s first POE Encapsulant, CONSERV E – NT, tailored for N-type TOPCon PV cells. Overcoming challenges like temperature fluctuations and chemical exposure, it minimizes rejection rates and enhances production efficiency. With a broad lamination processing window, it accommodates diverse operating conditions, increasing throughput. Compatible with various laminators, it ensures bubble-free Glass-Glass modules and…
European Energy divested over 100 MW in December 2023, including Bubney Solar Farm in the UK and Bloosballich Wind Park in Germany. The 40.4 MW Bubney Farm in Shropshire is divested to Elm Trading Group. The 12.6 MW Bloosballich Park in Saxony Anhalt which is divested to a German family office, consists of three 4.2…
Origis Energy secures $344M financing from MUFG for Golden Triangle I solar and battery project in Mississippi. The 200 MW solar facility with 200 MWh storage is part of the state’s largest deployment. The financing, convertible post-construction, covers the project’s 25-year operational span. Leveraging IRA provisions, it ensures grid resiliency, powering 57,000 homes, and averting…
ICRA predicts a surge in India’s renewable energy capacity, targeting 170 GW by March 2025. However, land acquisition delays and transmission connectivity pose hurdles. Domestic manufacturing is needed to counter fluctuations in imported solar modules, wafers and components. While RE-RTC projects help tackle intermittency, timely payments from state utilities remain contingent on successful reforms.
ICRA forecasts India’s renewable capacity to hit 170 GW by March 2025, a rise from 132 GW in October 2023. The growth is also fuelled by strong tendering activity, with over 16 GW projects bid and 17 GW underway, in line with the government’s 50 GW annual trajectory. Declining solar prices enhance financial viability. Policy…
