Financial & Legal

Danish renewables developer Ørsted has signed a 15-year power purchase agreement (PPA) to supply 80MW of solar PV power in the US to media company Bloomberg.

Solarpack has signed a 25-year PPA to sell power generated at its upcoming 410MW Gorbea solar project to SECI.

Distributed energy platform Scale Microgrids has acquired over 500MW of community solar and energy storage projects across several states in the US from Netherlands-based developer Gutami.

Corporate financing in the solar sector rose 42% in 2023 compared with 2022, according to Mercom Capital.

US distributed generation platform Aspen Power has secured US$241 million in three financing tranches to support construction of its future solar PV assets.

Switzerland-based institutional investment group SUSI Partners has secured funds for a 167MW renewables portfolio in Poland.

Albania has launched its fifth round of auction for new PV projects, and is aiming to add 300MW of new capacity to the country’s energy grid.

Tandem PV has secured US$6 million to advance research and development and plans to build its first manufacturing plant.

UK-based renewable energy developer SSE Renewables has acquired a 400MW solar portfolio in Poland.

India-based renewables developer Avaada Group has signed a memorandum of understanding (MoU) with the Indian government of Gujarat to develop 6GW of hybrid solar-wind capacity.