finance

US-based residential PV installer Sungevity has closed on US$650 million in equity and project financing to optimise its technology platform and grow into new markets and partnerships.

Concrete action in the Indian solar sector this year has countered scepticism over the 266GW of clean energy pledges made earlier this year, according to a new report.

US solar developer SunPower has announced it is seeking to raise US$350 million in funding as to looks to power its corporate growth strategy.

Thin-film manufacturer and developer First Solar is among the investors in a US$50 million funding round for grid-scale storage specialist Younicos, with the money raised set to fuel the latter’s expansion.

Solar manufacturing giant Canadian Solar has secured a US$28.9 million loan to develop seven ground-mount solar farms in the UK.

A US treasury bond for investing in scale and innovation in clean energy has been proposed in Congress, with the scheme’s supporters claiming it could mobilise as much as US$150 billion in funding.

The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.

The European Bank for Reconstruction and Development (EBRD) has allocated up to US$500 million in support of Egypt’s solar energy programme in 2016.

Solar independent power producer Etrion Corp has completed a €222 million (US$236 million) refinancing of the majority of its solar parks in Italy, which includes long-term, non-recourse bank debt and project bonds.

Indian state-owned bank IDBI has raised US$350 million through the issue of green bonds, which also received orders of around US$1 billion.