Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.
French petroleum major TotalEnergies has signed an agreement with fellow fossil fuel company Petronas to develop a 100MW solar farm in Queensland, Australia.
Sunnova aimed to tap into the opportunities in the market as its electricity prices are about US$0.43 per kWh, three times the average power price in the US.
Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.