Financial & Legal

rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  

Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.

Policy uncertainty in the US is likely to disrupt investment in clean energy, according to a recent report from Crux.

Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).

US independent power producer (IPP) Silicon Ranch has invested US$3 million in autonomous robotics company Swap Robotics.

Danish renewables firm European Energy has secured a €145 million (US$158 million) long-term loan to finance a 78.5MW solar park co-located with a 50MW battery storage plant in Anykščiai, Lithuania.

The US Department of Energy budget proposal promises to remove funding for solar and wind energy and expand support for nuclear weapons.

The US Department of Energy has downsized a loan to US residential solar installer Sunnova from an initial US$3 billion to US$371.6 million.

Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.

R.Power has sold a 49.9% stake in two of its special-purpose vehicles, which are developing a solar portfolio of 91.6MWp.