LONDON/OSLO: Norwegian utility Statkraft has agreed to buy British solar power developer Solarcentury in a deal worth 117.7 million pounds ($151.34 million) that would boost its renewable energy output. Statkraft is taking full control of Solarcentury, allowing its investors to cash out. The state-owned utility is Norway’s largest hydropower producer but also has a target […]
Europe Was at the Start of a Huge Solar Rebound. Does Coronavirus Threaten That?
Construction delays are manageable, supply-chain worries appear unfounded and low-risk solar investments may shine in an uncertain climate, experts say. Europe’s solar renaissance looks set to continue blossoming despite the impact of the coronavirus and falling power prices, experts and investors say. A combination of new competitive tenders and the increasingly favorable economics of solar […]
Solarcentury Gets Boost From UK Government for 500MW Overseas Pipeline
Britain wants to spark a post-Brexit green industrial revolution, but its greatest opportunities for renewable exports likely lie with wind, not solar. Developer Solarcentury has secured €54.8 million ($61.1 million) of finance for 500 megawatts of solar in Spain — with a little help from the U.K. government. The backing by U.K. Export Finance, the […]
Solarcentury sells majority stake in 200MW development in Seville, Spain
Valencia: Solarcentury, the global integrated solar power company, today announces that it has sold a majority stake in four large-scale solar farms in Alcalá de Guadaira in the Spanish region of Seville, amounting to a significant 200 MWp of solar power. Construction is scheduled to begin in Summer 2019 following full financial close of the […]