The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project cancellations, consultancy Fitch Solutions has warned.
Iberdrola has hit the accelerator on its renewables investments in H1 in spite of the pandemic, as the multinational utility looks to move forward with a project pipeline that now exceeds 58GW.
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Spanish utility Iberdrola has landed €800 million (US$903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead new renewable energy deployment throughout Spain.
Asset management firm Capital Dynamics has struck a strategic partnership with Nebraskan independent power producer Tenaska to bring forward 4.8GW of solar in the Midwest and Southeast US.
Fulfilling the European Union’s new green hydrogen strategy could need as much as 120GW of additional wind and solar to power electrolysers, the bloc’s need hydrogen strategy says.
BP has invested US$70 million in a green growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar firm Lightsource BP.
