Financial & Legal

The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries. 

Procuring power purchase agreement tools will be an option for industry players amid an energy pricing crisis and volatility.

Lithuanian renewables developer Green Genius has partnered with Eiffel Investment Group to develop and finance a 500MW solar PV portfolio in Italy.

The acquisition included 72 solar projects, of them 90% being community solar projects, and six battery storage projects.

The European Solar Manufacturing Council (ESMC) has called on the European Union member states to allocate financial support from REPowerEU grants to support solar PV manufacturing.

On April 12, the Silicon Industry Branch announced the latest solar-grade polysilicon prices, which were between RMB190-200/kg on average, with the lowest price set at RMB180/kg (US$26.2/kg).

After this transaction, SunPower can provide customers with loan options at tenors of up to 25 years through SunPower Financial.

The International Finance Corporation (IFC) and phosphate-based fertiliser producer OCP Group have partnered to develop 202MWp of solar PV projects in Morocco.

UAE state-owned renewable energy developer Masdar has acquired a 50% stake in a 128MW/160MWh solar-plus-storage project from EDF Renewables North America.

Data from Gogla showed that the global off-grid solar sector had a record investment of US$746 million in 2022, increasing by US$289 million or 63% year-on-year.