The CEO of US solar and energy storage developer Borrego has said the company’s project development business will be less capital constrained under the new ownership of investment firm ECP, following a deal announced earlier this week to spin off and sell the unit.
European solar developers hit by rising module costs are scrapping tariffs secured in auctions and are instead looking to sign power purchase agreements (PPA), according to a speaker at today’s Large Scale Solar event.
Brazilian energy utility company Neoenergia has signed a €200 million (US$221 million) loan from the European Investment Bank (EIB) to finance 715.5MW of renewable projects in Brazil.
Solar Philippines Nueva Ecija Corporation (SPNEC) is looking to raise capital from a stock rights offering (SRO) and private placements with institutional investors to support the development of 10GW of solar PV.
The European Investment Bank (EIB) will support the addition of 430MW of solar PV and wind in Spain and Portugal through a €100 million (US$114 million) financing deal.
Norwegian independent power producer (IPP) Scatec said it has put on hold a 900MW solar project in India due to a lack of supply of domestic modules and the upcoming introduction of a new import duty.
This year could be a tipping point for Europe’s green hydrogen sector, with a flurry of activity predicted if the necessary policy environment is achieved, according to research and consulting firm Delta-EE.
Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will see the partners explore opportunities to develop projects, including renewable energy plants.
Solar risk manager kWh Analytics has launched a new offering that it says allows PV project owners to receive upfront payments in return for maintaining asset performance.
The equity transfer comes weeks after Meralco launched a 2MW/2MWh battery electric storage system 50km north of Manila that will work to stabilise energy from a 3.8MW solar farm.
