Financial & Legal

Corporate financing in the solar sector reached US$8.1 billion in the first quarter of 2023, according to energy analyst Mercom Capital.

Spanish renewables developer Ecoener has secured US$64 million in green bond financing for a 74MW solar PV plant in Guatemala.

Clean energy added about US$320 billion to the world economy last year, accounting for 10% of global GDP growth in 2023, according to a study from the IEA.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

Renewable power purchase agreements (PPAs) market volume in Germany nearly quadrupled in 2023, increasing by 323% over 2022, according to the German Energy Agency (dena).

LevelTen Energy's latest report into renewable PPA prices reveals “increased stability” as offer prices in North America increased by 0.9%.

US solar developer Origis Energy has secured a US$136 million construction financing facility and conversion to term loan with financial group Mitsubishi UFJ Financial Group (MUFG) for a PV plant in Florida, US.

JP Casey reports on green bonds' growing importance as a vital source of support for solar and a tool for fighting greenwashing.

Two solar PV developers - Soltec and Recurrent Energy - have closed financial deals for projects in Brazil this week .

Pure New Energy (PNE) has sold the 240MW Khauta solar project in South Africa to the NOA Group, an energy company based in the country.