US PV developer Urban Grid has closed a senior secured term loan facility for up to US$100m with New York-based private credit manager Crayhill Capital Management LP.
Plans for consortium-sponsored 600MW complex and separate 500MW partnership with mining group looks set to boost momentum in one of Europe’s PV markets-to-watch.
The new plants will contribute to Iberdrola's rapid expansion across the Iberian peninsula, after the firm secured 149MW of new Portuguese projects last month.
Calls for new rules coincide with news that Australia is guaranteed to meet its 2020 target for large-scale renewables generation thanks to progress in recent years.
Project of 100MW proposes cheapest tariffs for hugely oversubscribed 500MWac grid-connected solar tender, the third of a series for Southeast Asian state.
PV Tech quizzes HIPERION’s promoters over potential strengths but also cost challenges of Insolight’s planar optical micro-tracking process, tested outdoors and supported with €10.6m EU grant.
