Renewable energy developer, BayWa r.e. has sold its first Australian solar project, a 20MW utility-scale plant still under construction, to investment company Lighthouse Infrastructure.
Ten indigenous communities in Australia are set to be powered by hybrid solar PV and diesel systems in the first phase of an AU$55 million (US$43.8 million) project.
Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.