A subsidiary of Reliance Capital, part of major Indian conglomerate Reliance Group, has signed an agreement to obtain INR3 billion (US$46 million) in funding from the Indian Renewable Energy Development Agency (IREDA) for lending to renewables and energy efficiency projects.
Oolu, a Senegal-based start-up company and PV corporation in Africa, has successfully raised US$3.2 million in equity investments. This Series A fundraising follows its seed round in 2015 and will support the company’s growth and strategy as it looks to expand its customer base in West Africa.
Wave energy technology developer and solar, battery microgrid project developer Carnegie Clean Energy (CCE) has secured a 12‐month AU$7.5 million (US$5.8 million) construction debt finance facility for its Northam Solar project in Western Australia from Perth-based private investment group Asymmetric Credit Partners.
A Joint venture between Enel subsidiary Enel Green Power (EGP) and Dutch Infrastructure Fund (DIF) has begun construction of the 137.7MW Bungala Solar One plant, which is located near Port Augusta in South Australia. EGP is set to bag a US$1.35 billion deal on 1.7GW of solar and wind projects in Mexico.
DEWA has opted for carports at its own offices and a ministry building, Adani has signed a PPA for a US$200 million Queensland PV project, HECO has launched an online rooftop solar application tool.
The European Investment Bank (EIB) has entered a new partnership with the International Solar Alliance and confirmed plans to provide €800 million in financing for small-scale renewable energy project investment across India.
Singapore-based renewable energy firm Equis Energy has signed a power purchase agreement (PPA) with the utility Taiwan Power Company (Taipower) for its 5MW solar project located in Kouhu Township, Yunlin County, Taiwan.
