Companies

More than 2GW of solar has won contracts in the UK’s latest renewables auction clearing at a strike price of £53.40/MWh (US$64.19/MWh).

Scotland-based renewables developer Renewco Power has acquired a 2GW pipeline of US-based solar and energy storage assets from Beaufort Rosemary.

US power distribution company Entergy Arkansas has issued a request for proposals (RfP) for 1GW of solar and wind resources.

Polish developer R.Power is seeking a primary equity capital raise to fund its future growth plans in several European countries.

US PV developer Birch Creek Development has increased its existing credit facility with debt financing provider Fundamental Renewables to US$250 million to pursue its 5GW solar pipeline in the US and support its module procurement strategy.

IPP Onward Energy has entered into a bidding agreement to acquire 1,171MW of operating solar assets from Global Atlantic Financial Group.

Infrastructure investor Actis has acquired a stake in Latin American renewables asset owner Omega Energia as it looks to develop a pipeline of assets in the region.

Financial services and technology company Nelnet has acquired GRNE Solar, an EPC that designs and installs residential, commercial and utility-scale solar in the US Midwest.

Total Eren has commissioned a 131MWp solar project in Uzbekistan, the independent power producer’s first to exclusively use bifacial modules.

Indian energy giant Tata Power has signed a Memorandum of Understanding (MoU) with the Indian state government of Tamil Nadu to invest roughly INR3,000 crores (US$380 million) in setting up a 4GW cell and 4GW module factory in the state.