finance

Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.

Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.

OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.

Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.

US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.

SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.

Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.

German renewables developer ABO Energy is looking to begin owning and operating its energy projects in a transition from a “pure play” developer to an independent power producer (IPP) model.

Residential solar and energy storage could meet all the projected demand from US data centres over the next five years if tech companies invest in household energy infrastructure.

Italian energy utility Enel has issued a US$4.5 billion (€3.8 billion) bond seeking investment from “US and international” investors.