finance

Estonian independent power producer (IPP) Sunly has secured €65.9 million (US$71 million) towards the development and construction of 98MW worth of solar PV projects in Poland.

CrossBoundary Energy will develop a hybrid solar PV, BESS and thermal energy project at the Baomahun gold mine in Sierra Leone.

The European Bank for Reconstruction and Development (EBRD) has backed a €25 million (US$27 million) investment into a 112.5MW solar PV project in north-eastern Bulgaria.

Independent power producer (IPP) Sonnedix has secured a €260 million (US$279 million) green loan to finance the acquisition and construction of renewable energy projects in Italy.

The first US$10 billion close of this second fund includes a seed portfolio of an unnamed UK onshore renewables developer and a solar development partnership in India.

The combination of strict land legislation, elaborate permitting and a fiercely competitive solar developer market trying to meet ambitious PV deployment targets is causing issues for the French solar market.

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.

London-based renewable energy investor Cubico Sustainable Investments has acquired a portfolio of 12 solar and hybrid power projects in Mexico

Under the deal, SFK will purchase a portion of the RECs from the power developed at Clearway’s 452MW solar PV project in Texas, US.

In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.