financing

Saudi Arabian developer ACWA Power has signed a US$125 million facility that will serve as a funding source to support the growth of its green energy portfolio.

Engie North America has partnered with renewables investor Hannon Armstrong to secure US$172 million in funding for a portfolio of distributed solar and solar-plus-storage projects in the US.

Aurora Solar, a US start-up that has developed software to assist in the remote design and sale of PV systems, has raised US$50 million in series B funding.

Independent power producer Sonnedix will ramp up investment in Europe through a new partnership with a fund managed by French asset manager Amundi.

French solar developers, financiers and utilities have said government plans to cut subsidies for PV project owners would lead to an “economic catastrophe” that could threaten the country’s energy transition.

Independent power producer (IPP) Amarenco Group has secured €150 million (US$176.8 million) in funding as it looks to ramp up solar project development in Europe and Asia.

What stands to be Australia’s largest solar farm at 460MWp can now progress after Neoen finalised a financing package for it.

Two more utility-scale solar projects in Texas with a combined capacity of more than 400MWdc have closed financing, continuing the Lone Star state’s booming solar run.

The levelised cost of electricity (LCOE) of solar in the UK could fall to just £28/MWh by 2040, according to new projections published by the country’s government.

Independent power producer Sonnedix has completed €321 million (US$377.61 million) in non-recourse financing for 13 solar plants in Spain.