finance

Canadian-headquartered solar-plus-storage developer Watt Renewable Corporation has secured a US$13 million investment to deploy hybrid corporate & industrial (C&I) solar solutions across Nigeria.

Indian renewable energy firm Axis Energy Group has launched a joint venture (JV) with Brookfield India – the local arm of global investment firm and asset owner Brookfield – backed by an initial investment of US$845 million.

French oil giant TotalEnergies has acquired Ombrea, an agrivoltaics developer, for an undisclosed sum.

UAE-based renewables developer AMEA Power has reached financial close on a 120MW solar PV project in Tunisia, the company’s first foray into the country.

North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.

Spanish solar developer Solaria has signed off a financing framework with the European Investment Bank (EIB) for up to €1.7 billion (US$1.8 billion) to be deployed on 120 solar PV plants across Spain, Italy and Portugal.

Danish renewables firm European Energy has sold a 49% stake in its 304MW Kassø solar PV plant to Japanese conglomerate Mitsui & Co.

Ghana will look to deploy around 150GW of solar PV capacity to achieve its net zero emissions target by 2060, a plan that represents US$550 billion in investment opportunities for companies and other nations

Solar developer Lightsource bp has signed a long-term PPA with tech giant Microsoft for a 40MW solar PV plant in Poland.

California’s transmission and distribution grid networks will need to expand fourfold and tenfold, respectively, to meet net zero targets.