Agreement between R.Power Group and mBank for latter to finance under-construction pipeline is touted as country’s largest bank-backed solar arrangement to date.
Swedish energy group will install 38MW of PV alongside 22MW wind element and 12MWh storage battery system, with plans for complex to go live in autumn 2020.
IPP’s success bagging 15-year PPA for ‘very advanced’ project north of Lisbon comes as consultants say tender’s record-low prices underscore greater appetite for merchant risks.
French firm Akuo scores cheapest tariff and reaps 370MW of total 1.15GW awarded while Iberdrola bags 149MW by pledging to pay for grid space under second modality.
Banco Sabadell supplies close to €30m in debt to Renovalia’s five-strong solar cluster in Ciudad Real province, first of firm’s 1GW merchant pipeline of PV and wind.
Major PV inverter manufacturer, SolarEdge Technologies has been forced to accelerate expedited shipping via air freight, despite a 25% increase in manufacturing capacity as the company continues to set quarter sales records.
WoodMac: Innovative finance needed to further boost already sound economics of residential sector, with Germany, Italy and Spain all breaking even faster than the UK and France.
