financial close

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.

Greek industrial conglomerate Mytilineos has reached financial close on 237MWp worth of Australian solar PV projects, with financing from backers ANZ and Westpac.

EDF Renewables North America and German international insurer Munich Re have closed on a transaction for two renewable energy projects in California, the US, first announced 15 months ago.

Solar developer Fotowatio Renewable Ventures (FRV) Australia has secured financial close on a 300MW solar farm in New South Wales, Australia.

Renewables company Clēnera has closed financing on construction and tax equity on a 105MW Montana utility-scale solar project.

Lightsource bp has closed on a US$100 million financing package for the 130MW Black Bear Solar energy project in Montgomery County, Alabama, which once complete will increase the state’s total installed solar capacity by more than 20%, according to Lightsource bp.

Solar player enlists oil major BP, HSBC, Natwest and Bank of America as it raises US$250m package to sponsor project northeast of Dallas, set to trade energy with BP.