finance

Independent power producer Sonnedix has acquired 11 PV plants in Italy totalling 6.75MW, taking the firm’s portfolio in the country up to 114MW of operating PV generation capacity.

InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea.

The government of India is also setting up a US$350 million solar development fund to finance projects.

ACWA Power has reached financial close on three solar PV projects under round two of Egypt Feed-in-Tariff program II – with the three installations boasting a generation capacity of 165.5MW.

Foresight has completed the acquisition of Canadian Solar’s Australian solar project pipeline.

The German subsidiary of UK firm Oxford Photovoltaics (PV) has been awarded €15 million (~US$18 million) by the European Investment bank (EIB) to support the commercialisation of the company’s perovskite photovoltaic technology.

Saudi energy company ACWA Power has reached financial closing on a 61.3MW PV project that it is developing in the Risha region of Jordan.

The European Investment Bank (EIB) and India-based Yes Bank are supporting Indian solar and wind projects with a new US$400 million co-financing initiative.

Australia’s Clean Energy Finance Corporation (CEFC) has reached 1GW of solar capacity investments across 20 large-scale projects since 2013 with a total investment of AU$898 million (US$689 million).

Vortex has sold a 45% stake in its former SunEdison-built solar portfolio in the UK to Malaysia’s second-largest pension fund Kumpulan Wang Persaraan (KWAP).