Will Norman

The flagship development is the Esmerelda 7 solar and battery energy storage system (BESS) project, which comprises seven utility-scale solar facilities with a combined 5.35GW of generation capacity.

The long-term debt financing will enable ManoCap to consolidate its business in Ghana and Sierra Leone and expand into neighbouring markets.

Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.

The company said that the new facility would produce 8GW of solar modules and 2GW of cells in the Sohar free port region of Oman.

The land in question excludes natural reserves and high-value agricultural areas under “strict agricultural, environmental and technical criteria for hosting onshore wind and solar projects.”

The site will produce n-type cells to support both manufacturers’ US cell requirements, Heliene said in a public statement. Details about the timeline and scope of the project will be released “shortly”.

Greek energy company DEPA Commercial and solar developer Recurrent Energy both secured loans from the bank this week.

US energy company NextEra Energy posted adjusted earnings of US$1.968 billion in its Q2 2024 financial results, a roughly 9% increase compared with the same period in 2023.

A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.

Swiss renewable energy investment group GoldenPeaks Capital and German commercial bank Nord/LB have closed €109 million in financing to support two solar PV project portfolios in Poland.