Financial & Legal

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

Solar developer Lightsource bp has signed a long-term PPA with tech giant Microsoft for a 40MW solar PV plant in Poland.

US solar developer Recurrent Energy has closed financing for its upcoming 134MW Liberty solar project in the US state of Texas.

The Bank of Montreal (BMO) has donated US$3 million to California-headquartered non-profit GRID Alternatives to support the provision of low-to-no cost solar PV, storage and clean mobility programmes to “underserved families” in the Western US.

Nexun, a portfolio company of infrastructure investor Marguerite, has signed a co-development agreement with an unnamed Polish developer for 206MW of solar PV.

The Israeli government has published a tender seeking bids for a 100MW solar PV project to be built near the Ashalim settlement, a solar power hub in the country.

Scout Clean Energy has signed a power purchase agreement with household product manufacturer Colgate-Palmolive.

Spanish renewables company Grenergy Renovables has secured technical advisory services from quality control firm Enertis Applus+ for a 386MWp solar PV portfolio in Chile and Peru.

Canadian PV manufacturer Heliene has secured US$170 million to grow its existing module assembly plant with two new 300MW lines.

The US Department of Energy has started receiving application for a US$10 million funding and technical assistance programme.