finance

Forget any preconceptions about solar power in the Nordics; the cold, seasonally dark region is fast becoming a solar success story, writes Annelie Westén.

The European Bank for Reconstruction and Development (EBRD) has increased its equity stake in Infinity by US$40 million.

Sunrun has posted revenue of US$724.6 million in the third quarter of this year, marking the third consecutive quarter of growth this year.

EDF Renewables, in partnership with SPIC HHDC and SAPCO, has secured financing for the 400MW solar PV projects in Saudi Arabia.

Indian independent power producer (IPP) ReNew Power has secured US$331 million from the Asian Development Bank (ADB) for its solar plant in the Southern state of Andhra Pradesh. 

The increasing technical complexity of the renewable energy space has increased the demands on capital raising for those in the sector.

Renewables asset fund Alantra Solar has secured €355 million to support the development and construction of five solar PV projects in Italy.

Israel-headquartered IPP Enlight has secured US$150 million in financing to support a solar-plus-storage project in the US.

Average renewable energy PPA deal price fell marginally to €46.37/MWh (US$53.36/MWh) in Europe in the last week of October, per Pexapark.

US renewables developer EnergyRe has reached financial close on a solar PV portfolio in the US state of South Carolina.