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.
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.
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.
Shell Overseas Investments and renewable energy company Emerging Power Inc. (EPI) have agreed to jointly develop, own, operate and maintain 1GW of utility-scale solar PV in the Philippines by 2028.