finance

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).

Downstream solar firm Conergy Asia has been acquired by two private equity funds, Tennenbaum Capital Partners (TCP) and Goldman Sachs BDC (GSBD).

TerraForm Power has confirmed that its acquisition by Brookfield remains on track.

Oil major Shell has invested in Singapore-based solar developer Sunseap.

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.