Financial & Legal

European Union countries will introduce a revenue cap on operational solar PV plants as part of a package of emergency measures approved today.

US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.

Utility-scale renewables developer Intersect Power has secured US$3.1 billion in project financing to complete its 2.2GW near-term clean energy portfolio in the US.

Canadian natural gas pipeline giant Enbridge has bought US renewables developer Tri Global Energy (TGE) for US$270 million in cash and assumed debt.

EDPR Sunseap has signed a MOU with Korea East-West Power to jointly develop renewable projects in South Korea and across the APAC region.

Energy major Shell will acquire Daystar Power, an Africa-based commercial and industrial (C&I) solar provider.

Lightsource bp has closed a BRL800 million (US$147 million) financing for its 210MWp Milagres solar project in the Brazilian state of Ceará.

Renewables company Voltalia expects to achieve 2.6GW of renewables in operation or under construction in 2022, a year ahead of schedule.

Rajasthan’s electricity regulator has proposed new rules that would make solar installations in the state which supply power to other states provide 10% of their generation to Rajasthan’s state distribution company (Discom) free of charge.

A new partnership between CrossBoundary Energy Access and Engie Energy Access plans to build a US$60 million portfolio of mini-grids that are expected to connect more than 150,000 people to electricity in Nigeria.