Financial & Legal

Modus Asset Management has taken owership of a of a 55MW ground-mounted solar PV portfolio in Latvia from renewables developer Evecon, through its Clean Energy Infrastructure Fund.

Swedish state-owned utility Vattenfall has acquired German solar developer Solizer and its PV portfolio of 4GW of projects in Germany.

UAE state-owned renewable energy developer Masdar has launched its first US$750 million 10-year green bond, with the proceeds to be invested in renewables, including solar and wind projects.

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

Solar power purchase agreement prices in Q2 2023 in North America have dropped for the first time since Q1 2020 thanks to the increase in incorporating benefits of the Inflation Reduction Act and a stabilised solar supply chain.

Carrie Xiao on a recent workshop held by TÜV Rheinland where PV developers, buyers and investors exchanged views on module quality and buying strategies.

RWE has signed a series of power purchase agreements with Dominion Energy regarding a solar portfolio with a total capacity of 266MW.

PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.

The European Investment Bank will loan €300 million to Banco Santander (Brasil) to build 600MWp of small-scale solar in Brazil.