Markets & Finance

Greek developer Metlen Energy and Metals, formerly known as Mytilineos, has refinanced a 532MW solar PV portfolio in Australia.

Australia’s minister for climate change and energy, Chris Bowen, has announced plans to streamline the Capacity Investment Scheme (CIS) to around six months.

The levelised cost of energy (LCOE) for utility-scale solar PV in the US has tightened for a third year in a row, according to Lazard’s latest report.

Blue Elephant Energy has received a €200 million (US$214 million) investment from European asset management company Infranity.

US tax credits for solar PV, wind power and electric vehicles are facing dramatic cuts, while those for energy storage are sustained.

The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind capacity in Indonesia.

The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.

US solar residential installer Sunnova has received court approval for a US$90 million debtor-in-possession financing agreement.

Amazon plans to invest AU$20 billion to expand Australia’s data centre infrastructure, with utility-scale solar PV plants set to power these.

The European PPA space could see more tailored PPAs and hybrid deals, according to experts at the Renewables Procurement & Revenue summit.