Financial & Legal

India’s state-owned company National Hydroelectric Power Corporation has signed a memorandum of understanding with the Green Energy Development Corporation of Odisha to develop at least 1GW of renewable energy across the Odisha state, in India.

Solar and energy storage project development platform Recurrent Energy has secured a €150 million (US$164.1 million) multicurrency facility with Santander Corporate & Investment Banking (Santander CIB)

US community solar owner-operator Summit Ridge Energy (SRE) and Japanese energy firm Osaka Gas USA (OGUSA) have expanded their partnership to construct, own and operate more than 100MW of solar PV in Virginia, the US.

The International Renewable Energy Agency has called for the world to add 551GW of solar capacity per year by 2030.

US utility Duke Energy will purchase 199MW of solar power under a 20-year agreement with renewables developer Ranger Power in Indiana.

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.