Markets & Finance

US independent power producer (IPP) Navisun has secured financing of up to US$235 million through two debt facilities, which it says will contribute to its growth strategy and executing its project pipeline.

The UAE should increase its solar PV generation capacity sixfold by 2030, rising to 7.3GW, according to the latest report from the Emirates Water and Electricity Company (EWEC).

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

Renewable power producer BrightNight has formed a partnership with energy platform ACEN Corporation to ramp up the development of its 1.2GW renewables portfolio in India.

Greek utility Public Power Corporation S.A (PPC) has signed a deal to purchase the entirety of Enel Group’s Romanian equity and assets.

Indian integrated power company Tata Power’s subsidiary Tata Power Renewable Energy has signed a power purchase agreement (PPA) for a 510MW hybrid project.

Renewable energy company Vena Energy has reached financial close on a 176MW solar and wind project in India.

Renewable energy investor Copenhagen Infrastructure Partners (CIP) has acquired the majority share in Mulilo Energy Holdings, a South African independent power producer (IPP),

US PV manufacturer Silfab has closed a US$125 million investment led by ARC Financial Corp to fund a 1GW solar cell manufacturing facility in the US.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.