Markets & Finance

Danish renewables investment manager Copenhagen Infrastructure Partners (CIP) has closed €5.6 billion (US$6.1 billion) in capital commitments in the first round of its latest renewables fund.

Dutch solar company Ecorus has sold a 103.5MWp solar park in the Netherlands to German renewable energy asset manager CEE Group.

State-owned French railway company SNCF has created a renewables subsidiary, SNCF Renouvelables, which targets to build 1GW of solar PV by 2030.

The Dutch solar trade body Holland Solar has called for the government to reverse its decision to limit PV deployments on agricultural land.  

Spanish electric utility Iberdrola has issued €850 million (US$932 million) in green bonds to investors, to support the development of new renewable projects around the world.

The US Department of Energy (DOE) has released US$45 million in funding to support domestic solar manufacturing and dual-use PV projects, US$18 million of which is issued under the Bipartisan Infrastructure Law.

Indian electric utility GUVNL has announced that it is accepting bids for two 600MW solar projects to be built at the Khavda renewables park.

Solar manufacturing jobs in the US will more than triple in the next 10 years, according to the Solar Energy Industries Association.

US thin-film module manufacturer First Solar has secured a five-year revolving credit and guarantee facility for US$1 billion.

The Australian government and the renewables sector in the country have been ramping up its energy transition efforts. Although a lot of new policies and projects were announced in recent years, experts said more has to be done to address labour shortages, skills gaps and reliance on fossil fuels.