finance

January 3, 2023
The German Federal Network Agency, the Bundesnetzagentur, has raised the maximum tariff for solar and wind energy ahead of its 2023 tenders for renewables projects. The agency said that it hopes the raised tariffs will lead to an increase in bids for renewables projects after the process saw underwhelming results in 2022.
December 23, 2022
Enfinity Global, a renewable energy developer and service provider, has reached financial close on 112MW worth of solar PV projects in Italy, representing €142 million (US$150 million) in VAT and long-term financing.
December 22, 2022
Greek industrial conglomerate Mytilineos has reached financial close on 237MWp worth of Australian solar PV projects, with financing from backers ANZ and Westpac.
December 20, 2022
German independent power producer (IPP) ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG, intended to fund ILOS’s plans for over 2GW of solar and battery storage capacity by 2026.
December 15, 2022
Japanese-headquartered financial services group ORIX Corporation has taken full ownership of Spanish renewables firm Elewan Energy after acquiring a further 20% stake in the company.
December 7, 2022
French renewables company Voltalia has successfully raised US$516 million through a capital increase that will help build its new production capacity by 2027.
December 7, 2022
US solar assets “are not meeting performance expectations”, according to research from insurer kWh Analytics.
December 6, 2022
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
December 2, 2022
Europe needs to galvanise a competitive PV manufacturing ecosystem in the same vein as the US Inflation Reduction Act (IRA), according to the European Solar Manufacturing Council (ESMC).
November 25, 2022
IDB Invest and South American financial group Bancolombia will provide developer Solarpack with a COP656 billion (US$133 million) loan to support the development of two solar PV projects in Colombia.

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