Financial & Legal

Developer ib vogt has signed a multi-buyer virtual power purchase agreement for its 174MW Serbal solar project in Spain.

The New Normal: Navigating Climate Risks in Europe's Solar Energy Transition discussed how the solar sector can tackle climate risks in Europe.

Hail claims have averaged nearly US$58.4 million per claim, according to a report from renewable energy project underwriter GCube Insurance.

The Spanish Ministry of Ecological Transition (MITECO) has allocated €85 million (US$91 million) to develop 51 renewable energy generation and storage projects on the Canary Islands.

Indian renewables developer Adani Green Energy Ltd. (AGEL) has closed a US$1.36 billion debt facility to support the development and construction of its large-scale projects.

Independent power producer (IPP) Sonnedix has signed a 10-year pay-as-produced power purchase agreement (PPA) with US data company Equinix in Portugal.

Renewable energy investment fund manager Copenhagen Infrastructure Partners (CIP) launched its second Growth Markets Fund (GMF) this week (4th December), seeking US$3 billion in financing for renewable energy generation.

ReNew Energy Global and the Asian Development Bank have signed a deal to raise US$5.3 billion in funding for new clean energy projects.

US renewable developer energyRe has raised US$1.2 billion for a number of projects, including solar-plus-storage and transmission work.

UAE state-owned renewable energy developer Masdar has signed a number of solar PV and renewables agreements in small and emerging global solar markets.