Markets & Finance

AXA has signed a virtual power purchase agreement with Ignis to draw power from the company’s upcoming Spanish solar plant.

Spanish utility Endesa has signed two loans with Instituto de Crédito Oficial (ICO), a Spanish state finance agency, and the European Investment Bank (EIB) worth €500 million to fund solar and wind projects in the country.

Upstream US-based solar manufacturer CubicPV might feasibly be the place at which tandem perovskite PV products are successfully made durable enough for commercial use; two recent announcements have come out of the company that speak to the potential of its tandem development route.

Independent power producer (IPP) Energix Renewables has secured US$520 million for six utility scale solar projects that are expected to generate 416MW of electricity.

US utility Southwestern Electric Power Company (SWEPCO) has received approval from Louisiana regulators to acquire 200MW of solar resources.

Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.

The Environmental Protection Agency (EPA) of the US has launched a US$7 billion competitive grant competition to offer low-income households access to solar energy.

Scatec has reached financial close for its three solar projects in South Africa, which will have a combined capacity of 273MW.

Hawthorne Renewables is planning to operate 2GW of solar assets and invest US$250 million in the US market next several years.

The Avaada Group has closed its latest funding round, which generated US$1.3 billion for the group’s solar and green hydrogen businesses.