finance

India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure. 

The Australian federal government has presented the ‘Future Made in Australia Bill 2024’ to bolster renewable energy technologies like solar.

A collective effort will be required to realise the potential of the solar PV industry, according to Sonia Dunlop of the Global Solar Council.

Demand for new solar projects and the falling cost of manufacturing could present an opportunity for European developers, such as Holosolis.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

Spanish renewable power developer Zelestra has added €225 million (US$242.1 million) in loan financing to its funding streams.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Genex Power has secured a five-year US$107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.

Last week’s Intersolar Europe 2024 event saw the PV industry’s leaders meet in Munich to discuss the biggest trends in the sector.

US independent power producer (IPP) Doral Renewables has signed a deal for a US$400 million minority equity investment from Dutch pension fund APG.