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).
US independent power producer (IPP) Silicon Ranch has conducted a US$600 million equity raise, bringing its total funds raised in 2022 to over US$1 billion.
Climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital has closed investment in 1.3GW worth of solar and wind assets to be developed and operated by utility AES. The financing is spread across two programmatic investments of undisclosed value.
Israel-headquartered smart energy technology company SolarEdge has acquired the entire share capital of UK-based Hark Systems, an energy analytics and internet-of-things (IoT) company. SolarEdge said that the acquisition will enable it to offer its corporate and industrial (C&I) customers increased capacity to manage their energy assets.