Latin America-focused solar developer Atlas Renewable Energy has secured a US$210 million loan from the Brazilian Development Bank (BNDES) to finance its 438MW Boa Sorte solar project in Brazil.
Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland.
The share of renewables in net electricity generation in Germany nearly accounted for half of total power generation in 2022 with 49.6%, according to the Fraunhofer Institute for Solar Energy Systems (ISE).
As Europe struggles to build a domestic solar manufacturing industry, start-up Swedish Algae Factory is working on improving the efficiency of solar panels with a coating product that only needs to be applied once and is made in an eco-friendly environment.
The renewable energy arm of German industrial conglomerate Baywa Group has sold three solar plants in Spain with a total capacity of 115MW to L&G NTR Clean Power Fund, a new vehicle managed by Legal & General Investment Management and asset manager NTR.
Australia’s Renewable Energy Agency (ARENA) has awarded A$41.5 million (US$28.51 million) in funding to 13 research projects aimed at reducing solar costs.
