Companies

Indian renewable energy independent power producer (IPP) ReNew Power has issued green bonds to raise US$400 million for its subsidiary Diamond II.

According to its Impact Report, 2022 saw SunRun’s GHG emissions intensity (carbon produced per MW deployed) drop 10% year-on-year.

Its deployed solar was up from 48MW in Q1 2022, but solar deployments dropped sequentially in Q1 2023 mainly due to volatile weather.

Spanish renewables developer X-Elio has secured €102 million (US$112 million) for three solar projects in Spain with a total capacity of 147MW.

A combination of supply chain disruptions and extreme weather events that damage operational assets can lead to extended solar project downtimes. Rosa van Reyk, a senior underwriter at GCube Insurance, explores how the industry can ease supply chain pressure by rethinking cost efficiency and increased collaboration between developers and insurers.

US residential solar installer Sunnova has secured a conditional commitment from the US Department of Energy which will offer up to US$3 billion in a partial loan guarantee.

US-headquartered global renewable energy developer Enfinity Global has signed another power purchase agreement (PPA) with Statkraft for 34GWh of solar energy produced at one of its Italian PV facilities.

For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023.

The fund has already started to deploy capital in support of this programme, including its first asset acquisitions in January 2023.

Ascent Solar can use the new European presence to provide in-region support for EU driven net zero initiatives after the acquisition.