finance

US solar project developer Primergy Solar has closed US$350 million in tax equity financing for a 408MWac solar project in Hill County, Texas.

The capacity comes from the Arica solar PV and Victory Pass solar-plus-storage projects in Riverside County, California.

Rezolv Energy has secured €90 million in debt financing for its upcoming 225MW St. George solar park in Bulgaria.

Board chair Christine Detrick cited an "ongoing disconnect between the share price and our view of intrinsic value."

In its World Energy Outlook 2024 report, the IEA said that geopolitical tensions and fragmentation are “major risks” for international energy supply security

France installed 4GW of solar PV capacity in 2023, a “record” according to the International Energy Agency (IEA).

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.