financing

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.

ACWA Power-led consortium taps six international and local lenders for US$275 million in senior debt.

PV monitoring specialist Solytic has targeted a ten-fold increase in the number of systems it monitors after concluding a Series A funding round led by energy giant Vattenfall.

The developer will see its trade financing facility swell to €200 million (US$220 million) after striking an agreement with Dutch bank ABN AMRO.

The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.

Mineral recycling and renewable-powered mines will be backed through US$50m scheme to offset environmental impacts of race for lithium and others.

Concessional loans could shorten solar’s journey towards cost parity in Thailand and more developed emerging markets, says new BNEF study.

Battery technologies hold most potential for nearly two-thirds of asset owners and managers polled by Aquila Capital.

Builder SHS Holdings warns country’s authorities could tear up PPA as plant may not be delivered in time despite deadline extension.