finance

A €2.2 billion (US$2.3 billion) scheme to support investment into decarbonising industrial processes in Germany has been approved by the European Commission (EC).

Clean energy asset manager Luxcara has reached financial close on a 315.7MWp portfolio of three solar PV projects in Denmark alongside German bank Bayerische Landesbank.

Quinbrook Infrastructure Partners has closed funding for its Valley of Fire Fund, raising US$600 million in capital commitments.

Swiss-owned solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering.

Solar developer Recurrent Energy has secured a €110 million (US$119 million)multi-currency finance facility to support the development of its global solar PV and energy storage project pipeline.

Gareth Simkins examines the winning projects of AR5 and looks ahead to assess how solar is likely to fare in future rounds.

Since 2023, the main concern facing solar PV project developers in Europe has shifted from supply and module pricing to inadequate grid availability, as reflected in a number of discussions at the Large Scale Solar Europe 2024 conference in Lisbon this week.

The policy environment for solar PV in Europe needs to be balanced between the interests of developers and other industry parties, according to speakers at today’s Large Scale Solar Europe conference in Lisbon.

Invenergy has secured US$1.27 billion for the construction of a 677MW renewables portfolio, including a 189MW solar PV project in Kansas.

With solar a global industry, perhaps a global approach is the best way to ensure a more consistent supply of funding.