finance

BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) for 700MW of new solar capacity in Europe.

One of the “market signals” the company cited is an increase in negative electricity prices across Europe, as supply exceeds demand.

Arevon started construction at the 251MW project, located in Gibson County, last month. It will sell the project to NIPSCO once completed.

LONGi has released its performance report for H1 2024, which includes the shipment of close to 80GW of cells, wafers and modules.

EDF Renewables, the Korea Western Power Company (KOWEPO) and Masdar have reached financial close for the 1.5GW Al Ajban solar project.

Monarch Private Capital and Invenergy have closed US$170 million in financing for the second phase of its Samson Solar Energy Center.

The US Department of Energy (DOE) has closed loan financing for a 15MW solar-plus-storage project to be built on Tribal land in California.

The European Investment Bank (EIB) and FirstRand Bank have allocated €400 million (US$444 million) to support the development of solar PV and wind generation projects in South Africa.

PV Tech Premium spoke with Arevon about IRA transferability, domestic content, being an IPP and why they're building in Indiana.

Aggreko Energy Transition Solutions has closed US$66 million in loan financing to develop 88.5MW of distributed solar capacity in the US.