Financial & Legal

Altaaqa Renewables has closed financing for its 119MWp Wadi ad-Dawasir plant, which will be built in Saudi Arabia.

Utility Enel has signed an agreement with Japanese energy company Inpex Corporation to sell half of its Australian operation for US$446.9 million.

Tom Kenning looks at the rise of solar power in Texas, a US state better known for its role in the oil and gas industry, where a beneficial tax regime and an abundance of project land work in favour of building out solar power generation.

The European Investment Bank has announced plans to increase its funding for its REPowerEU project by €15 billion.

Solar developer Aspen Power has secured US$90 million to continue developing its community solar, small-utility and commercial and industrial (C&I) projects.

The Canadian government will invest CA$160 million (US$121 million) into nine solar PV projects in Alberta totalling 163MW and 48MW of battery storage.

Renewable energy developer Hive Energy will sell 200MW worth of Italian agrivoltaic PV projects to GreenIT, a renewable energy joint venture between Italian energy provider Plenitude and investor CDP Equity.

Danish renewables investment manager Copenhagen Infrastructure Partners (CIP) has closed €5.6 billion (US$6.1 billion) in capital commitments in the first round of its latest renewables fund.

Dutch solar company Ecorus has sold a 103.5MWp solar park in the Netherlands to German renewable energy asset manager CEE Group.

Spanish electric utility Iberdrola has issued €850 million (US$932 million) in green bonds to investors, to support the development of new renewable projects around the world.