Financial & Legal

Infrastructure investment manager I Squared Capital has agreed to invest up to US$400 million in Brazilian distributed generation company Órigo Energia.

A consortium of EDF Renewables and Korea Western Power Corporation (KOWEPO) has reached financial close on a 500MW solar PV plant in the Sultanate of Oman.

Renewables investor Aquila European Renewables has secured a €50 million (US$54.7 million) debt facility through a 180MWp solar PV portfolio in Spain.

The European Bank for Reconstruction and Development (EBRD) has invested €100 million to into Taaleri Energia's renewables fund SolarWind III.

Indian commercial and industrial (C&I) renewables developer Serentica Renewables has secured funding for a 530MW round-the-clock hybrid project in India.

The European Commission (EC) has approved a €2.9 billion (US$3.2 billion) French aid scheme supporting investment in green industries.

Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.

GreenIT, an Italian joint venture by oil group Eni and state lender Cassa Depositi e Prestiti (CDP) Equity, has signed an agreement with renewables developer Galileo to build 140MW of solar PV in Italy.

Chilean solar developer Verano Energy has sold a 150MWp solar PV project in Argentina to an unnamed company.

Despite having the ideal attributes to become a clean energy superpower, Australia has never quite lived up to its potential. Will Norman assesses the barriers and asks whether recent investment announcements could turn the tide.