Financial & Legal

US utility Southwestern Electric Power Company (SWEPCO) has received approval from Louisiana regulators to acquire 200MW of solar resources.

Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.

The Environmental Protection Agency (EPA) of the US has launched a US$7 billion competitive grant competition to offer low-income households access to solar energy.

Scatec has reached financial close for its three solar projects in South Africa, which will have a combined capacity of 273MW.

Hawthorne Renewables is planning to operate 2GW of solar assets and invest US$250 million in the US market next several years.

The Avaada Group has closed its latest funding round, which generated US$1.3 billion for the group’s solar and green hydrogen businesses.

Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.

The government of the Australian Capital Territory has announced an initiative to fund the adoption of rooftop solar PV within its borders.

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)