business

Norwegian floating solar developer Ocean Sun has entered into a memorandum of understanding (MoU) with ACEN-Silverwolf to establish a framework for deploying utility-scale floating solar installations across selected Asian markets.

New South Wales (NSW), Australia, has launched what it has described as its “biggest renewable energy tender in the state’s history”, seeking 2.5GW of renewable energy generation.

Nextpower is set to acquire the power conversion assets of Spain-based Zigor Corporation and its US subsidiary, Apex Power.

Energy platform Revera Energy has completed an expanded US$150 million credit facility for its UK and Australian portfolio.

Potentia Energy has raised AU$830 million in portfolio financing to support its renewable energy operations and development across Australia.

Genesis Energy and FRV Australia have mutually agreed to terminate their solar development joint venture while maintaining co-ownership of the 63MWp Lauriston solar PV power plant in Canterbury, New Zealand.

Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of renewable energy and storage projects to its portfolio.

Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.

QIC, one of Australia’s largest infrastructure fund managers, has completed an AU$2 billion refinancing and equity raise for Pacific Energy.

Despite an awareness of the benefits that co-located storage and solar can offer, the commercial model for such sites has yet to materialise.