Financial & Legal

Romanian oil company OMV Petrom and state-owned utility Complexul Energetic Oltenia (CE Oltenia) will build 450MW of solar PV in Romania.

Australia’s Renewable Energy Agency (ARENA) has launched a AUS$43 million (US$27.7 million) Industrial Energy Transformation Studies Program aimed at identifying opportunities to reduce energy costs and emissions in the country’s industrial sector.

RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.

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.