Financial & Legal

Spanish renewables developer Greenalia has closed US$200 million in three-year credit facilities to support the development of solar PV, energy storage and wind projects in the US.

ACWA Power has secured loan financing of US$2.3 billion (SAR8.6 billion) to support the construction of three new solar projects in the state.

Brazil has imported 17.5GW of solar modules in 2023, slightly down from the previous year, according to Brazilian PV research and consultancy firm Greener.

SunPower has posted a lowered customer growth for four quarters in a row and a net loss of US$247 million for FY2023.

Enerparc has secured bridge financing for a 325MW solar portfolio in Germany, which will include co-located battery storage projects.

Governments across Central America are starting to issue renewable energy tenders with a focus on solar power.

Solar developer ib vogt has closed a debt financing deal to support 418MW of solar PV projects in the autonomous community of Castile and León, Spain.

French telecom company iliad Group has signed three solar PV power purchase agreements (PPAs) across Europe for a combined capacity of 89.5MW.

Appetite to invest in US community solar projects has seen increased interest since last year, boosted by the Inflation Reduction Act.

Module-level power electronics supplier Tigo Energy expects its losses will continue in the first quarter of 2024, according to its latest financial result announcement.