Markets & Finance

FRV Australia has secured a AUS$1.2 billion (US$780 million) refinancing facility to support a 1GW portfolio of eight solar PV projects.

Solar PV accounted for 90% of all renewables that received an Administrative Construction Authorisation (AAC in Spanish).

The flagship development is the Esmerelda 7 solar and battery energy storage system (BESS) project, which comprises seven utility-scale solar facilities with a combined 5.35GW of generation capacity.

The long-term debt financing will enable ManoCap to consolidate its business in Ghana and Sierra Leone and expand into neighbouring markets.

Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.

Global power platform Nala Renewables has acquired a 34MW PV portfolio in Lithuania from Lithuanian renewable power developer Green Genius.

The portfolio consists of three solar projects – with 160MW, 67MW and 40MW of capacity each – located in Central Greece.

PV Tech Premium reports on the barriers now facing European solar, from changing political winds to lagging grid modernisation efforts.

Voltalia has expanded its clean energy portfolio by 15% in the second quarter of 2024, driving a 42% growth in turnover.

Masdar would acquire a minority stake in Enel Green Power Spain Solar which owns an operational solar PV portfolio of 2GW in Spain.