finance

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.

IPP ContourGlobal has closed its first renewable energy project financing in the US, as it continues to expand its presence in the country.

US independent power producer (IPP) Treaty Oak Clean Energy has signed two environmental attribute purchase agreements (EAPA) with social media and data giant Meta.

Scatec posted development and construction (D&C) revenues of NOK1,760 million (US$175.1 million) in the third quarter of this year.

Global net zero by 2050 is now “impossible” and the world is on course for temperature rises of 2.6°C, according to energy market analyst Wood Mackenzie.