finance

Two community solar platforms in the US have closed over US$370 million of financing to fund 200MW of new projects in New York and Illinois.

The EU’s REPowerEU plan to shift away from Russian gas is “faltering” despite ongoing turmoil in global fossil fuel markets, according to analysis by the European Court of Auditors (ECA).

The average price of a renewable energy PPA signed in Europe in August reached €46.02/MWh, up from €45.01/MWh in July.

African renewables financier CrossBoundary Energy has begun commercial operations at a 233MW/526MWh solar-plus-storage project in the Democratic Republic of the Congo (DRC).

The financial difficulties of one of Europe’s best-known downstream solar companies highlight the faultlines running through the continent’s PV and energy storage business.

Italian power utility Enel has bought two solar PV projects in the US with a combined 625MW of generation capacity.

Sonnedix has secured US$1.3 billion refinancing covering 1GW solar and wind and 117MW BESS under construction in Chile.

US technology giant Oracle is seeking proposals for 2GW of solar PV, wind power, geothermal and “other renewable technologies” to power its data centre operations in New Mexico.

Hamburg-based solar PV construction firm Pvwerk has filed for reconstruction just days after its sister company, Enerparc, announced insolvency.

Renewables investment platform Qualitas Energy has bought independent power producer (IPP) Cero Generation’s 5.8GW European solar PV and battery energy storage project portfolio.