[SMM PV Flash] Concord New Energy Closes US$400 Million Financing

On November 3, the Net Zero Europe 2026 - Solar & Energy Storage Summit, organized by Shanghai Metals Market (SMM) and supported by  Catalonia Trade & Investment (ACCIÓ) and the Government of Catalonia, Spain, concluded successfully at the Hilton Barcelona, Spain!

The Kamoa-Kakula copper complex in the Democratic Republic of Congo has run a 233 MWp solar plant paired with a 526 MWh (123 MVA) battery system in commercial operation since August 12, developed, owned and operated by CrossBoundary Energy, delivering a guaranteed 30 MW of around-the-clock baseload with current output peaking near 55 MW; the first month displaced about 4 million litres of diesel worth roughly US$11 million. The plant combines 357,048 Aiko modules, Sungrow inverters and medium-voltage stations, Risen SYL battery containers and EPC Power PCS, with Germany's Dhybrid Universal Power Platform coordinating more than 1,300 devices in real time as the central control layer. Dhybrid has been awarded a contract to expand storage by 35 MWh to 561 MWh, targeted for commercial operation in January 2027, while the complex aims to lift on-site solar baseload capacity to 120 MW within 18 months. The facility is the DRC's largest operational solar asset.

Japan's Agency for Natural Resources and Energy has set December 11 as the deadline for new and amended FIT/FIP certification applications for solar of 10 kW and above, wind, hydro and geothermal in fiscal 2026 — the final year ground-mounted commercial solar can be certified before the category is excluded from FIT and FIP from fiscal 2027 (from April 1). Applications must include grid-connection agreement documents, and projects without a connection agreement by the deadline cannot be certified this fiscal year, while projects subject to environmental assessment may submit scoping proof by January 29, 2027. The deadline for solar below 10 kW is January 5, 2027, and the Japan Photovoltaic Energy Association, which published the notice on November 9, expects above-normal application volumes. The government has proposed keeping priority support for four non-rooftop categories, including solar on government-owned land and solar carports, from April 1, 2027.