financing

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.

US independent power producer sPower has concluded financing for its largest project to date after securing a US$700 million construction/term loan.

Sonnedix has reached financial close on a 40MW utility-scale solar farm in Japan, adding to a growing portfolio of solar in the country.

A round-up of recent developments in the US solar market, including news of Vivint Solar sealing US$300 million of tax equity commitments and Bank of America signing a solar PPA in Texas.

Solarcentury and Dutch banking firm Rabobank have reached financial close on a €20 million (US$22.4 million) deal to support the development of two utility-scale solar farms in the Netherlands.

Sonnedix and French financier Natixis have closed senior financing facilities to bring forward up to 100MWp of solar in Chile.

A just-commissioned solar and battery storage system will reduce diesel consumption by at least 80% at a base for 300 humanitarian workers in South Sudan managed by UN migration body IOM.

Solar developers in Italy are tweaking financial models to circumvent delays to the signing of power purchase agreements.

US-based independent power producer (IPP) sPower has closed a US$350 million tax equity commitment from banking giant Wells Fargo to support its Spotsylvania Solar Energy Center project.