financing

The tax credit transfer market for renewable energy projects unlocked by the US Inflation Reduction Act has started to thrive as predicted.

ReNew Energy Global and the Asian Development Bank have signed a deal to raise US$5.3 billion in funding for new clean energy projects.

Enfinity Global has secured €118 million to construct four utility-scale solar PV plants with a total capacity of 101MW in Italy.

Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.

Leeward Renewable Energy has raised US$580 million in tax commitments and debt facilities for two renewable power projects.

Enertis Applus+ has become the technical advisor for the 438MW Boa Sorte solar project for a consortium including Atlas Renewable Energy.

Latin America and the Caribbean need to double financing for clean energy projects to US$150 billion by 2030 to fulfil the Announced Pledges Scenario (APS), according to the International Energy Agency’s Latin America Energy Outlook.

Lithuanian energy supplier Green Genius has secured €9.5 million (US$10.07 million) from investment and insurance company INVL towards building 500MW of renewables projects in Romania.

French startup Heliup has secured €10 million in an investment round of financing for a 100MW lightweight module assembly line in France.

With C&I financing more complicated than residential, tax incentives in the IRA have boosted interest from businesses to install solar.