Financial & Legal

Spanish utility Iberdrola has added 500MW of solar capacity during the second quarter of 2023, bringing the total to nearly 5GW.

Santander and ib vogt have concluded a financing deal to provide €350 million for solar projects under construction in the latter's portfolio

The European Investment Bank (EIB) has granted a €575 million (US$637 million) loan to Spanish oil major Repsol to roll out 1.1GW of renewables in Spain.

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.  

Edison Energy has revealed that the average price of power purchase agreements across Europe and the US has fallen from Q1 to Q2 2023.

The US Department of Energy (DOE) has announced plans to release US$20 million in funding for solar waste reduction and lifecycle technologies, including US$8 million of funding from the Bipartisan Infrastructure Law.

Greenvolt Power has sold two renewable power projects to Polish electric utility Energa Wytwarzanie, with a total solar capacity of 32MW.

Indian state-owned utility SJVN will develop 1.2GW of solar PV projects to supply power to the Punjab State Power Corporation Limited.

The Australian government has announced AU$50 million (US$33.7 million) in investment to develop renewable energy supply chains – notably for solar and energy storage – in the Indo-Pacific.

ReNew will receive US$7.8 billion in funding from two Indian government departments to develop clean power projects in the country.