finance

Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.

Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.

Industrial group Soltech has signed an agreement with Norwegian PV developer Solgrid to construct a 300MW solar portfolio in Sweden.

Europe will surpass its 30GW solar PV manufacturing target by 2025 if the right industry and policy conditions are met, according to a report by the European Solar PV Industry Alliance (ESIA).

US community solar company Nautilus Solar Energy has bought a 270MW portfolio of projects from ESA, a US-based solar development platform.

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.