Markets & Finance

BrightNight has closed a US$375 million corporate credit facility, which it plans to use to build out a 31 GW pipeline of projects.

Leading US solar companies have made several senior appointments to their teams, including REC Solar, CubicPV and Nextracker.

First Solar has signed a PPA with Cleantech Solar, which will see the latter build 150MW of new solar capacity in India.

The Idaho Public Utilities Commission (PUC) voted late last year (29th December) to shift from a net metering to a net billing model for residential solar installations in a move which will make rooftop solar “unreachable” for most.

Avangrid has cancelled a proposed merger with US utility PNM following two years of delays in the approval process.

Renewables investment firm Copenhagen Infrastructure Partners (CIP) has acquired an 850MW solar PV portfolio from Spanish developer Soltec in Denmark.

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.

US-based independent power producer Altus Power has secured US$100 million to fund its expansion plans.

Nextracker has finalised its split from Singapore-headquartered electronics firm Flex after eight years of Flex ownership.

The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.