project finance

Credit Agricole and Korea Development Bank provide construction and term debt for the US$210m, 150MW first project phase, due to go live next spring.

Funding package of US$150m will finance solar and onshore wind projects that will generate 1,900 jobs.

The project, financed by US Bank, HSBC, Rabobank and Nord/LB is expected to become operational mid-2020.

A new report from the Climate Bonds Initiative noted that the Brazilian green bonds market has now reached US$3.67 billion.

Canadian Solar’s Japanese project fund has been approved for listing by the Tokyo Stock Exchange.

Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.

UGE International, a renewable energy firm specialising in the C&I space, has partnered with Export Development Canada (EDC) to create a construction finance facility for the funding of international solar projects.

The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.

A panel of development finance institutions and project developers at the annual Africa Energy Forum on Friday discussed how they are shaping the continent’s emerging energy sector; in taking on the risk that commercial capital typically will not.

Canadian Solar has closed a deal worth £36.4 million (US$52.9 million) to refinance four UK solar power plants totalling over 40.2MW of installed capacity.