Financial & Legal

Polysilicon material prices have experienced a further decline recently, with the price of mono popcorn reaching a new low of RMB60/kg (US$8.3/kg).

Utility Enel has signed a 15-year solar virtual power purchase agreement (VPPA) with bearing manufacturer SKF in Spain.

Global renewables investor Actis has agreed to sell 100% of African independent power producer (IPP) BTE Renewables to French utility giant Engie and investment firm Meridiam for US$1 billion.

Senegal has announced a partnership with several countries and the EU to accelerate renewable energy deployment, receiving €2.5 billion (US$2.71 billion) new and additional financing starting from 2023.

Alternative asset manager Blackstone Infrastructure has invested US$1 billion in equity investment in Invenergy Renewables to support its expansion.

Canadian investor Altius Renewable Royalties has invested US$45 million into US renewable developer Hexagon Energy.

The European Commission has approved an amendment to an Estonian scheme supporting electricity production from renewable energy sources and efficient co-generation.

Climate insurance provider kWh Analytics has published a report detailing the three types of risk that solar developers could face, including extreme weather, financial modelling and operations.

Ameren Missouri has announced plans to build or acquire four new solar projects in the US, with a total capacity of 550MW.

Jason Kaminsky, CEO, kWh Analytics, on how renewable asset owners and their insurers are adapting the way they assess risk from natural catastrophes and extreme weather events.