finance

US utility American Electric Power (AEP) has signed an agreement to sell its 625MW of solar PV assets in the state of New Mexico to investment firm Exus Asset Holdings.

The money will support the development and operation & maintenance (O&M) of 67MW worth of solar PV projects.

London-based renewables fund NextEnergy Capital (NEC) has bought a 100MW solar PV plant in Florida, US, marking the first acquisition under its NextEra ESG V investment fund.

At the COP28 summit, world leaders have called for a global push to triple renewable energy capacity and "transition away" from fossil fuels.

Global oil & gas giant Shell has sold a partial ownership stake in two renewable energy projects in the US.

Mosselbanken, the project in question, marks the first entry for Voltalia in the Dutch market as a power producer.

Developer ib vogt has signed a multi-buyer virtual power purchase agreement for its 174MW Serbal solar project in Spain.

The Spanish Ministry of Ecological Transition (MITECO) has allocated €85 million (US$91 million) to develop 51 renewable energy generation and storage projects on the Canary Islands.

Canadian solar PV module manufacturer Heliene has doubled the capacity of its Mountain Iron, Minnesota module production line to 300MW following an extra US$10 million investment into the facility.

Indian renewables developer Adani Green Energy Ltd. (AGEL) has closed a US$1.36 billion debt facility to support the development and construction of its large-scale projects.