Financial & Legal

Norwegian energy company Statkraft has narrowed down its focus on fewer markets and technologies as it targets to reduce its expenses by NOK2.9 billion (US$290 million) annually by 2027.

Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.

Danish renewables firm European Energy has reached financial close on a 137MW utility-scale solar PV portfolio in Australia.

Greek developer Metlen Energy and Metals, formerly known as Mytilineos, has refinanced a 532MW solar PV portfolio in Australia.

The levelised cost of energy (LCOE) for utility-scale solar PV in the US has tightened for a third year in a row, according to Lazard’s latest report.

Blue Elephant Energy has received a €200 million (US$214 million) investment from European asset management company Infranity.

US tax credits for solar PV, wind power and electric vehicles are facing dramatic cuts, while those for energy storage are sustained.

The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind capacity in Indonesia.

The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.

US solar residential installer Sunnova has received court approval for a US$90 million debtor-in-possession financing agreement.