Canadian Solar Plans to Issue $200MM in Notes to Investor PAG

The transaction by Asia Pacific investment firm PAG is expected to close in the fourth quarter of 2024, subject to closing conditions, Canadian Solar said in a news release.

NOVA Completes Acquisition of Solar Group UGE International

When the deal was announced in May, NOVA Infrastructure agreed to acquire approximately 70% of UGE International’s common shares.

Energy Transition in Motion (Week of Aug. 16, 2024)

Here is a look at some of this week’s renewable energy news.

NextEnergy Capital Buys 248-MW Solar Portfolio in Spain

NextEnergy Capital has reached an agreement to buy 12 solar power projects in Spain with an overall capacity of 248 megawatts. 

Energy Transition in Motion (Week of Aug. 9, 2024)

Here is a look at some of this week’s renewable energy news.

Ormat Targets Geothermal, Energy Storage Growth in US to Meet Rising Demand

Nevada-based Ormat Technologies—which recently formed a geothermal partnership with SLB—has 10 geothermal, three solar and seven energy storage projects under development.

Energy Transition in Motion (Week of Aug. 2, 2024)

Here is a look at some of this week’s renewable energy news, including an update on one of the largest offshore wind projects being developed in the U.S.

Politics, Global Worries Cast Shadow as First Solar Doubles Profits

Despite concerns, including the upcoming U.S. elections, First Solar continues to move forward with projects to expand its production capacity.

PE Firm KKR Becomes Majority Owner in Solar Developer Avantus

KKR, alongside Sumitomo Mitsui Banking Corp., also arranged a $522 million development facility for Avantus.

UAE’s Masdar Grows Presence in Spain with Endesa Solar Deal

Masdar agreed to acquire a 49.99% stake in 48 solar plants controlled by Spanish utility Endesa.