US-based independent power producer Enfinity Global has closed €300 million (US$316 million) in equity funding from global alternative asset manager ICG, with another €100 million expected to close within a year.
The agreements cover two solar projects and one onshore wind project as they are the first phase of a 10GW pipeline of renewables projects in Azerbaijan signed in 2022.
French renewable power producer Neoen has begun construction on a 100MWp PV plant in Sweden, alongside Swedish independent power producer (IPP), Alight.
Independent power producer (IPP) Sonnedix has acquired 416MW of solar PV portfolio in Chile from Italian energy company Enel and its subsidiary Enel Chile.
The Australian Renewable Energy Agency (ARENA) has committed AU$358 million (US$227.8 million) to new projects during the year from 1 July 2022 to 30 June 2023, while it has also assigned AU$41.5 million for ultra low cost solar, a new focus since last year.
Renewables are set to contribute 80% of new power capacity to 2030 in the stated policies scenario (STEPS), with solar PV alone accounting for more than half of it, according to the International Energy Agency (IEA).
