Financial & Legal

The European Commission (EC) has approved a €2.9 billion (US$3.2 billion) French aid scheme supporting investment in green industries.

Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.

GreenIT, an Italian joint venture by oil group Eni and state lender Cassa Depositi e Prestiti (CDP) Equity, has signed an agreement with renewables developer Galileo to build 140MW of solar PV in Italy.

Chilean solar developer Verano Energy has sold a 150MWp solar PV project in Argentina to an unnamed company.

Despite having the ideal attributes to become a clean energy superpower, Australia has never quite lived up to its potential. Will Norman assesses the barriers and asks whether recent investment announcements could turn the tide.

US climate investment firm HASI has invested an undisclosed sum into a 605MW solar and solar-plus-storage portfolio owned by US utility AES Corporation.

BrightNight has closed a US$375 million corporate credit facility, which it plans to use to build out a 31 GW pipeline of projects.

First Solar has signed a PPA with Cleantech Solar, which will see the latter build 150MW of new solar capacity in India.

Renewables investment firm Copenhagen Infrastructure Partners (CIP) has acquired an 850MW solar PV portfolio from Spanish developer Soltec in Denmark.

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.