Markets & Finance

Renewables asset manager Greenbacker Capital Management (GCM) has completed a US$148 million tax equity financing commitment with RBC Community Investment.

Xcel Energy is accepting bids for solar and battery storage projects to replace its Allen S. King coal-fired power plant in Minnesota.

California is currently evaluating several community solar programmes, among them the NVBT which could boost solar-plus-storage projects.

The EU will need to create a more resilient supply chain, improve the grid, and reexamine multiple constraints to achieve a more orderly energy transition, according to a study conducted by analysis company McKinsey.

The state-owned Moroccan Agency for Sustainable Energy (Masen) has opened the third tender of its solar-plus-storage Noor Midelt project.

India has surpassed 70GW of installed solar capacity as of the 30th June this year, according to the country’s government. It initially had a target of 100GW capacity by 2022.

The RERC has ordered two government bodies to pay compensation to Palimarwar, after changes to Indian law increased the company’s costs.

Solar manufacturer Canadian Solar has signed a 7GW module supply agreement with EDF Renewables North America.

Swift Current Energy has closed financing for its 800MWdc/593MWac Double Black Diamond solar project, having raised US$779 million.

Romania has released information concerning its upcoming first round of Contract for Difference (CfD) which seeks 1GW of solar PV.