Financial & Legal

US renewable energy company Enfinity Global has signed a €400 million (US$428.34) agreement with asset manager ICG to spur near-term growth.

Solar real estate company SolaREIT and alternative investment manager AB CarVal have closed an investment of up to US$250 million to grow its renewable land, lease and loan financing solutions.

Encina has launched its first “investment vehicle”, to raise US$300 million to invest into new renewable power and storage projects in the US.

Module manufacturing major Risen Energy has posted strong revenue for the first half of the year, with RMB17.6 billion (US$2.4 billion).

Qualitas Energy has raised €280 million in funding to refinance debts at the Mula PV plant in the Spanish region of Murcia.

The Q3 2023 edition of our downstream solar PV journal, PV Tech Power, is now available to download, leading with a focus on solar in the US, one year on from the Inflation Reduction Act (IRA).

Recurrent Energy has secured US$112 million in financing for its 160MW North Fork solar project in the US state of Oklahoma.

The Australian National Electricity Market (NEM) faces reliability issues over the next 10 years as coal plants retire and investment in renewables generation and storage continues to lag, according to the Australian Energy Market Operator (AEMO).

German independent power producer Encavis has signed a framework agreement with German PV developer Innovar Solar to build 160MW of solar PV in Germany.

Saudi Arabian power company ACWA Power has reached financial close for its 200MW Kom Omba solar project in southern Egypt.