financial close

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.

French renewables developer Akuo Energy and managing asset company Atlantica Sustainable Infrastructure have closed the financing of a Chilean solar PV portfolio.

Masdar has reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW.

Renewable energy company Vena Energy has reached financial close on a 176MW solar and wind project in India.

US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.

US renewables developer Longroad Energy has reached financial close and begun construction on the 202MWdc Umbriel Solar project in Polk County, Texas.

Solar developer Jinko Power has reached financial close and started construction on a 300MW PV project in Saudi Arabia.

German rooftop solar installer Enpal has closed its Series D funding round with €215 million (US$230 million) in funding from a group of investors led by TPG Rise Climate, the dedicated climate-investing subsidiary of TPG Rise.