finance

US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona.

The world will need to invest US$1.5 trillion per year until 2030 to meet the target of tripling clean power capacity by 2030.

Canada has announced up to C$500 million in finance for the country’s Smart Renewables and Electrification Pathways (SREPs) programme.

The loan will support the development of the Guayepo I and II solar PV projects, as well as Enel's distribution business.

MCPV has raised €4.2 million (US$4.6 million) to support the development of its 4GW heterojunction (HJT) cell factory in the Netherlands.

DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.

EQT said the acquisition will help OX2 to grow its market position and strengthen its market presence in the long term.

To date, two 700MW high-voltage cables between Morocco and Spain are the only interconnections between the two continents.

Oil and gas explorer Pilot Energy announced today (9 October) that it received a non-binding offer from renewable energy developer EDP Renewables APAC to take full ownership of the 376MW Three Springs solar PV power plant in Western Australia.

Investment in off-grid solar will be essential to provide electricity to 398 million people who are expected to be in energy poverty by 2030.