Markets & Finance

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.

A total of three trade associations in the US have established Solar Powers Illinois, hoping to promote the benefits of solar in Illinois.

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.

Panama has become very attractive to investors due to the government deploying a range of fiscal incentives to support PV.

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.

Enfinity Global has secured €118 million to construct four utility-scale solar PV plants with a total capacity of 101MW in Italy.

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