finance

BP has invested US$70 million in a green growth fund launched by EverSource Capital, an India-focused fund manager co-founded by BP-backed solar firm Lightsource BP.

German renewables developer BayWa r.e. has sold the 27.4MWp Bomhofsplas floating solar farm, located in the Netherlands, to a Dutch consortium.

French utility Engie has agreed to sell a minority 49% stake in a US-based renewables portfolio containing 500MW of utility-scale solar.

Visibility on the performance of almost all leading PV module suppliers to the end of the first quarter of 2020 (31 March 2020) is now known, providing a first glimpse of what impact the COVID-19 pandemic has had on the sector, as most countries started to impose varying degrees of lockdown impacting businesses and ongoing operations.

Asset management firm Capital Dynamics has purchased a 353MW portfolio of North American solar projects from independent power product Coronal Energy.

German utility E.On has partnered with engineering major thyssenkrupp to plug large-scale hydrogen electrolysis plants into Germany’s grid using a renewables-backed virtual power plant (VPP).

Module manufacturer Trina Solar has sold around 1GW of solar PV projects to a newly-launched asset management vehicle, dubbed Matrix Renewables.

An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.

Developer European Energy has completed a 103MW solar farm in southern Italy, lauding it as the country’s largest to date.

Measures designed to support solar and other renewables in the US have been proposed within a landmark US$1.5 trillion infrastructure investment Bill, tabled by House Democrats.