Financial & Legal

Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.

US solar developer Primergy Solar has closed commitments for US$300 million in debt and text equity investments for a 100MW solar project in Arkansas, US.

SB Energy has raised a massive US$2.4 billion in funding to support the construction of 1.3GW of new solar capacity in the US.

The Vista Alegre solar plant will supply electricity to aluminium producer Albras for 21 years through a power purchase agreement.

Renewable energy financier Excelsior Energy Capital has closed US$1.3 billion in financing for its recently-acquired 682.5MW Faraday solar PV project in Utah County, Utah, US.

Investment in renewable projects in Australia has continued its slow trend in the third quarter of 2023 with only two new projects achieving financial commitment, according to trade body the Clean Energy Council (CEC).

There are now 14 renewable energy projects in Australia that are being developed in partnership with First Nations indigenous communities, according to new figures from the First Nations Clean Energy Network (FNCEN).

RWE has updated its “growing green” renewables investment plan, and aims to expand its green portfolio by 65GW between 2024 and 2030.

Solar manufacturer Maxeon Solar Technologies has said that it is issuing a number of patent infringement investigations in the US pertaining to tunnel oxide passivated contact (TOPCon) solar cell technology.

AES Dominicana has raised US$368 million in a loan facility that will be used to finance renewable energy projects in the Dominican Republic.