Financial & Legal

Latin America-focused solar developer Atlas Renewable Energy has secured a US$210 million loan from the Brazilian Development Bank (BNDES) to finance its 438MW Boa Sorte solar project in Brazil.

African power development company Ncondezi Energy has secured a land agreement for its 300MW solar PV project in Tete, Mozambique.

Lithuanian renewables company Green Genius and Swedish developer OX2 have signed an agreement on the acquisition of 152MW of solar projects in Spain.

Polysilicon prices have fallen off a cliff since mid-late December and the downward trend is expected to continue at least until the Chinese new year.

SunPower has extended its supply agreement with solar technology company Maxeon until 2025 as it seeks to meet rising demand for residential solar in the US.

Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland.

US residential solar and storage supplier Sunrun has closed US$835 million in non-recourse financings, spread across three tranches.

Lithuanian renewable energy company Green Genius has secured financing from Polish bank entity mBank to build 69MW of solar plants in Poland.

In early December, the Dutch government announced a €130/MWh revenue cap on solar and wind generation. The decision to lower the cap draws eyes, and potentially spells trouble for the country that installed Europe’s fourth largest solar capacity in 2022.

US independent power producer (IPP) Silicon Ranch has conducted a US$600 million equity raise, bringing its total funds raised in 2022 to over US$1 billion.