financing

Independent power producer (IPP) Avantus has closed a US$525 million financing package for its Aratina 2 solar-plus-storage project in Southern California, US.

Renewables developer Elawan Energy has closed a €760 million financing on a 1.3GW solar PV, wind and battery energy storage system (BESS) portfolio in Spain.

Polysilicon producer United Solar has reached financial close on a US$50 million equity investment from the World Bank Group's International Finance Corporation (IFC) for its polysilicon facility in Oman.

Energy platform Permanent Power Company has secured US$600 million in construction financing for a solar-plus-storage project in California, US.

US independent power producer (IPP) Cypress Creek Energy has secured US$3.5 billion in financing to support the development of a 1.63GW/1.9GWh solar-plus-storage project in Arkansas.

Independent power producer Sonnedix has reached financial close on a 102MW solar PV portfolio in Spain and Italy.

US real estate company CIM Group has launched an energy platform with a 2GW portfolio of solar PV and battery energy storage system (BESS) assets.

UK-based IPP Enviromena has signed a £825 million (US$1.1 billion) financing package to support its 1GW solar PV portfolio in the UK.

Renalfa IPP has secured funding from the European Bank for Reconstruction and Development (EBRD) for its Szihalom 450MW solar-plus-storage project in Hungary.

Solar developer Heelstone Renewable Energy has started construction on two US solar PV projects with a combined capacity of 206MW.