Finance

Naked Energy has obtained GBP 17 million ($22 million) in new equity. The UK-based photovoltaic-thermal (PVT) system supplier says the investment, led by E.ON and supported by Barclays, will help “supercharge its global expansion.”

Brookfield will initially invest more than $200 million in Leap Green Energy by subscribing to new shares and acquiring shares from current shareholders.

Madrid-headquartered independent power producer (IPP) Grenergy has reached financial close on the first two phases of its Oasis de Atacama solar and battery energy storage hybrid project in Chile.

Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.

Longi says it expects a net loss of CNY 4.8 billion ($660.2 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.

Philippe Flamand, the director and co-founder of Candi Solar, tells pv magazine about the company’s recent $38 million funding round and its plans to deploy renewables in emerging markets.

AgRE.tech, which is developing a robotic operating system for existing photovoltaic infrastructure, has raised $2 million from EDF and Zemach Regional Industries. The company says it will soon set up commercial fields.

ACME Solar Holdings has submitted a request for a $359.13 million initial public offering (IPO).

Tesla says it has recorded a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products in the second quarter of 2024.

The Saudi Arabian developer has reached financial close for the Tashkent Riverside project in Uzbekistan, which includes a 200 MW solar plant and a 500 MWh battery energy storage system (BESS).