finance

Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.

Private equity firm Antin Infrastructure Partners has made a voluntary offer to buy the entirety of the shares of Spanish renewable energy developer Opdenergy for €866 million (US$935 million).

US solar manufacturer CubicPV has received US$103 million in equity financing to support its plans to develop a US silicon wafer production base.

CSI Solar has completed its initial public offering (IPO) and begun trading on the Shanghai Stock Exchange as of June 9th.

Solar and storage investor CleanCapital has secured a US$500 million investment from Manulife, a global financial services group. This followed a US$300 million initial cash injection from Manulife in 2021.

US utility AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.

The development-stage 490MW Duffy solar PV project near Houston, Texas has changed hands; nascent US independent power producer (IPP) Linea Energy has bought the project from London-based Horus Energy.

German renewables developer Blue Elephant Energy has acquired a 120MWp Chilean solar PV portfolio, expanding its presence in the country to 281MW.

British-headquartered oil giant Shell has acquired 1.1GW worth of solar PV projects from Spanish solar generation company Isemaren.

Clean energy company Nexamp has secured US$400 million in debt and equity financing to develop up to 250MW of community solar and storage projects across the US.