Financial & Legal

The US Department of Energy has agreed to supply up to US$3.3 billion in loan funding to US residential solar developer Sunnova.

UAE-based renewables developer AMEA Power has reached financial close on a 120MW solar PV project in Tunisia, the company’s first foray into the country.

US solar manufacturer Toledo Solar has settled its lawsuit with cadmium-telluride (CadTel) thin film solar manufacturer First Solar for an undisclosed amount.

North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.

In the last two weeks, new solar projects, or deals involving existing facilities, have been struck in Sweden, Senegal and Uruguay.

Spanish solar developer Solaria has signed off a financing framework with the European Investment Bank (EIB) for up to €1.7 billion (US$1.8 billion) to be deployed on 120 solar PV plants across Spain, Italy and Portugal.

Danish renewables firm European Energy has sold a 49% stake in its 304MW Kassø solar PV plant to Japanese conglomerate Mitsui & Co.

JA Solar has signed an agreement with the Paramount Group to provide PV modules to its under-construction 150MW solar project in Bangladesh.

US community solar company Nautilus Solar Energy has secured US$202 million for a 186MW portfolio consisting of mainly community solar projects.

With C&I financing more complicated than residential, tax incentives in the IRA have boosted interest from businesses to install solar.