finance

Seven companies have been shortlisted for funding from a AU$70 million pot to help green hydrogen projects in Australia.

Kuwait has cancelled a 1.5GW solar project meant to power the country’s state-owned petrol company citing the ongoing COVID-19 pandemic.

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.

Enel has tapped Norwegian investment fund Norfund to jointly finance, build and operate new renewables projects in India.

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.

German renewables developer BayWa r.e. has sold the 27.4MWp Bomhofsplas floating solar farm, located in the Netherlands, to a Dutch consortium.

French utility Engie has agreed to sell a minority 49% stake in a US-based renewables portfolio containing 500MW of utility-scale solar.