finance

France has awarded 507.6MW of PV to 77 developers in its second major large-scale solar auction, for projects ranging between 500kW and 17MW capacity.

Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.

US-based residential rooftop solar provider Vivint Solar has expanded its energy system offering into Pittsburgh, Pennsylvania.

Hive Energy has revealed it is planning to build a solar farm in the UK without subsidy support next summer.

Indian state-run Rural Electrification Corporation (REC) is to raise US$450 million through its first ever 10-year Green Bonds with listing at London and Singapore, according energy minister Piyush Goyal.

South Korean government-owned financial institution Korea Development Bank (KDB) has issued its inaugural Green Bonds to raise US$300 million.

UK solar and wind asset owner Greencoat Renewables is eying an IPO to raise as much as €250 million (US$280 million) to pursue additional wind and solar projects across Europe.

The World Bank announced last week that its Board of Executive Directors approved the Second Energy Sector Project, which will help strengthen Mongolia’s electric grid and develop a 10MW installation within the country.

New York-based fixed tilt and solar racking manufacturer GameChange Solar has expanded its capital introduction programme to fund solar projects across the US to over US$2 billion of available capital.

Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.