News - Solar

Clean energy company Arcadia Power raises $25m in new funding

Arcadia Power, a US-based clean energy company, raised $25m in Series B funding round led by G2VP, with participation from ValueAct Spring Fund, McKnight Foundation, Energy Impact Partners, Cendana Capital, BoxGroup, Wonder Ventures and existing investors.

Sanjeev Gupta’s SIMEC ZEN launches $1bn renewable energy program in Australia

SIMEC ZEN Energy, part of Sanjeev Gupta’s GFG Alliance has launched a new $1bn dispatchable renewable energy program in the Upper Spencer Gulf.

Omega Geração to acquire 50% stake in 321MW Pirapora solar complex in Brazil

Omega Geração has signed an agreement to acquire 50% stake in the 321MW Pirapora Complex, which is claimed to be the largest solar project in operation in Brazil, from EDF Renewables and Canadian Solar UK Projects.

Urban Grid offloads 240MW solar projects in Virginia to Dominion Energy

US solar developer Urban Grid has offloaded two upcoming solar projects in Virginia with a combined capacity of 240MW to Dominion Energy for an undisclosed price.

Infratil, Mercury NZ partner for full takeover of Tilt Renewables

Infratil, through its subsidiary Infratil 2018, and Mercury NZ have announced their intention to make takeover offer for Tilt Renewables.

UGE wins contract for five rooftop solar systems in US

UGE International, a global provider of solar energy solutions for the commercial and industrial sector, has been awarded a portfolio of solar projects with an undisclosed US client, with a total project value of more than C$11m ($8.42m).

WGL Energy secures $75m financing for solar projects from M&T Bank

WGL Energy Systems has secured a $75m financing package from M&T Bank to provide funding for future solar energy projects.

Wells Fargo to help finance Origis’ FL Solar 5 solar power plant in Florida

Wells Fargo said that it will provide $35m for the new 52MW FL Solar 5 solar power plant in Orange County, Florida in the form of construction debt and tax-equity funding.

Green Investment Group acquires Conergy’s solar assets

Macquarie Capital’s green investment platform Green Investment Group (GIG) has acquired Conergy Asia & ME’s solar portfolio including solar development assets in the Asia Pacific region, commercial, technical and energy storage capabilities, and an asset monitoring centre.