finance

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).

The solar investment tax credit (ITC) has survived a major round of tax reform in the US but demand for credits generally could fall.

Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million to sole investor the International Finance Cooperation (IFC), to expand finance for private sector investments and to tackle climate change.

Canadian Solar has become the latest module manufacturer to pursue a de-listing from the New York Stock Exchange.

Altus Power America has increased its investment capital by US$150 million for large scale commercial, community and small utility scale solar projects.

Tanzania's Rural Energy Agency (REA) will give the keynote address to around 200 public and private sector attendees at PV Tech’s Solar & Off-Grid Renewables Summit in Dar Es Salaam next week.