Financial & Legal

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.

Polish independent power producer (IPP) R.Power has signed a PLN 231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.

As a fast-growing segment of the industry, floating solar is also a novel technology that comes with a variety of new operational risks.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

Spanish renewable power developer Zelestra has added €225 million (US$242.1 million) in loan financing to its funding streams.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Genex Power has secured a five-year US$107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.

Solar and storage are playing a key role in Japan's push towards energy security, according to Uranulzii Batbayer and Aniket Autade of Rystad.

US independent power producer (IPP) Doral Renewables has signed a deal for a US$400 million minority equity investment from Dutch pension fund APG.

"Asset owners may face costs not only for the damage to the affected asset, but also for any damage to the nearby asset if the fire spreads."