Financial & Legal

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.

Clēnera has signed a PPA with Arizona Public Service, the state’s largest utility, to sell power from its CO Bar solar and storage complex.

Greek fossil fuels company HELLENiQ has signed a deal to purchase 180MW solar PV portfolio in its home country from the Greek arm of UK-based renewables developer Lightsource.

An IRENA report into the cost of producing power has found that the levelised cost of electricity in the solar PV sector fell by 3% in 2022.

TeraPlast has received €1.1 million from the EU via the national government to build a 4.56MWp PV plant in northern Romania.

Colorado-headquartered clean energy platform Peregrine Energy Solutions has secured US$700 million in credit, equity and debt financing to bring its project pipeline online.

BayWa r.e. has acquired Brazilian solar distributor Ribeiro Solar, marking the company’s first involvement in the Brazilian solar sector.

The Australian Renewable Energy Agency (ARENA) has announced a new round of funding to develop and deploy microgrid technologies across regional and remote communities, including a majority of it allocated for microgrid projects in First Nations communities.