Financial & Legal

A round-up of the latest news from Europe’s solar market, including a call to action from the UK’s electricity system operator and SolarPower Europe’s bid to kickstart deployment in emerging markets.

US independent power producer sPower has concluded financing for its largest project to date after securing a US$700 million construction/term loan.

Azure Power has seen its pipeline of interstate transmission solar in India swell by another 2GW after a greenshoe option in an existing contract with Solar Energy Corporation of India (SECI) was exercised.

The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project cancellations, consultancy Fitch Solutions has warned.

New York Governor Andrew Cuomo has announced the largest combined green energy solicitations ever issued in the US, seeking up to 4GW of renewable capacity to combat climate change.

Microsoft has unveiled its single largest renewable energy portfolio investment through a new deal with US energy firm Sol Systems.

Sonnedix has reached financial close on a 40MW utility-scale solar farm in Japan, adding to a growing portfolio of solar in the country.

Renewables auctions in Ireland have been given the go-ahead after the European Commission cleared the country’s mechanism for state aid.

Seven companies have been shortlisted for funding from a AU$70 million pot to help green hydrogen projects in Australia.

BayWa r.e. has broken ground on a 64.6MWp solar farm in Poland – the country’s largest – as it sets sights on a 600MW portfolio in the country.