financing

Saudi Arabian power company ACWA Power has reached financial close for its 200MW Kom Omba solar project in southern Egypt.

An IRENA report into the cost of producing power has found that the levelised cost of electricity in the solar PV sector fell by 3% in 2022.

Swift Current Energy has closed financing for its 800MWdc/593MWac Double Black Diamond solar project, having raised US$779 million.

AEMO Services has received bids for 3.1GW of power generation in the state of New South Wales, more than three times the target of 950MW.

UAE state-owned renewable energy developer Masdar has launched its first US$750 million 10-year green bond, with the proceeds to be invested in renewables, including solar and wind projects.

Terabase has raised US$25 million for its terafab project, which aims to increase the number of automated processes in solar manufacturing.

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

The European Investment Bank will loan €300 million to Banco Santander (Brasil) to build 600MWp of small-scale solar in Brazil.

Altaaqa Renewables has closed financing for its 119MWp Wadi ad-Dawasir plant, which will be built in Saudi Arabia.