Financial & Legal

IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.

Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).

Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.

Analysis: A presidential executive order issued on Monday tightening up project start rules is causing concern among developers.

According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).

German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'

US solar residential installer Sunnova has entered into a stalking horse asset purchase agreement with Omnidian for some of its assets.

Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.

ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.

In Europe, PV panel prices fell marginally between May and June, leading to a slight downturn in European module buyers’ market confidence.