financial close

Independent power producer (IPP) Cypress Creek Renewables has secured US$150 million in financing to advance the construction of its 104MW Ostrea Solar project in northeast Yakima County, Washington. 

Enfinity Global is currently building 416MW of capacity in Italy across 17 projects, which have secured long-term power purchase agreements.

Utility giant Engie’s Australian division has reached financial close on its 250MW Goorambat East Solar Farm project in northern Victoria.

Clean energy asset manager Luxcara has reached financial close on a 315.7MWp portfolio of three solar PV projects in Denmark alongside German bank Bayerische Landesbank.

Solar developer Recurrent Energy has secured a €110 million (US$119 million)multi-currency finance facility to support the development of its global solar PV and energy storage project pipeline.

PV manufacturer Meyer Burger has decided to close its module assembly plant in Germany and focus on its footprint in the US.

Greek renewables developer Mytilineos has reached financial close on four solar PV projects in Chile, combining 588MW of capacity.

Investment in renewable projects in Australia has continued its slow trend in the third quarter of 2023 with only two new projects achieving financial commitment, according to trade body the Clean Energy Council (CEC).

Q2 2023 was one of the lowest periods for financial commitments to future renewable energy generation projects in Australia since 2017, according to trade body the Clean Energy Council (CEC).

NEOM Green Hydrogen Company (NGHC), a joint venture between renewables developer ACWA Power, gas company Air Products and the futuristic city project NEOM, has reached financial close on a Saudi green hydrogen plant with US$8.4 billion.