finance

Solar finance company PEG Africa has raised US$13.5 million for household solar systems in Ghana and the Ivory Coast, which is expected to reach up to 500,000 people.

US residential solar PV and energy storage installer Sunrun has secured a US$244.5 million of senior secured credit facilities from a syndicate of lenders for future growth.

Brazilian bank Banco do Nordeste announced that it will provide financing for a portfolio of PV projects in Brazil that boast a combined generation capacity of 482MW.

A new report from the Climate Bonds Initiative noted that the Brazilian green bonds market has now reached US$3.67 billion.

Canadian Solar’s Japanese project fund has been approved for listing by the Tokyo Stock Exchange.

Quercus will build a 600MW solar plant in Iran as part of an agreement with the country’s energy ministry.

North American renewables investor Sammons Renewable Energy (SRE) has purchased a 194MW portfolio of utility-scale solar projects in North Carolina from developer Heelstone Energy Holdings.

German gas and power company Gasag announced that it is investing around US$37.7 million over the next two to three years for a portfolio of PV projects totaling 40MW.

Cubico Sustainable Investments has reached financial close for a 350MW solar plant in Mexico.

The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche five-year (US$750 million) and 10-year green bonds (US$500 million).