financing

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

The European Investment Bank has announced plans to increase its funding for its REPowerEU project by €15 billion.

Solar developer Aspen Power has secured US$90 million to continue developing its community solar, small-utility and commercial and industrial (C&I) projects.

DE Shaw Renewable Investments has started construction at its 200MWac San Juan solar and storage project in the US state of New Mexico.

Spanish electric utility Iberdrola has issued €850 million (US$932 million) in green bonds to investors, to support the development of new renewable projects around the world.

Indian electric utility GUVNL has announced that it is accepting bids for two 600MW solar projects to be built at the Khavda renewables park.

Lightsource BP has completed a US$460 million financing package that will enable the construction of 368MW of solar power in the US.

French energy company TotalEnergies has sold most of its climate venture capital (CVC) arm, TotalEnergies Ventures, to French VC firm Aster.

Renewable energy company Leeward Renewable Energy has closed financing for its solar project 'Horizon solar facility' in Texas. 

Financial institutions have moved too slowly in increasing financing for renewables to help meet global 2050 commitments on net zero, said US environmental organisation Sierra Club.