Financial & Legal

Indian renewables developer Adani Green Energy Ltd. (AGEL) has closed a US$1.36 billion debt facility to support the development and construction of its large-scale projects.

Independent power producer (IPP) Sonnedix has signed a 10-year pay-as-produced power purchase agreement (PPA) with US data company Equinix in Portugal.

Renewable energy investment fund manager Copenhagen Infrastructure Partners (CIP) launched its second Growth Markets Fund (GMF) this week (4th December), seeking US$3 billion in financing for renewable energy generation.

ReNew Energy Global and the Asian Development Bank have signed a deal to raise US$5.3 billion in funding for new clean energy projects.

US renewable developer energyRe has raised US$1.2 billion for a number of projects, including solar-plus-storage and transmission work.

UAE state-owned renewable energy developer Masdar has signed a number of solar PV and renewables agreements in small and emerging global solar markets.

North Macedonia has announced plans to deploy 1.7GW of renewable energy capacity by 2030 and entirely phase out its coal power generation fleet.

Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.

US solar developer Primergy Solar has closed commitments for US$300 million in debt and text equity investments for a 100MW solar project in Arkansas, US.

SB Energy has raised a massive US$2.4 billion in funding to support the construction of 1.3GW of new solar capacity in the US.