financing

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

US solar developer Recurrent Energy has closed financing for its upcoming 134MW Liberty solar project in the US state of Texas.

Encina has launched its first “investment vehicle”, to raise US$300 million to invest into new renewable power and storage projects in the US.

Qualitas Energy has raised €280 million in funding to refinance debts at the Mula PV plant in the Spanish region of Murcia.

Saudi Arabian power company ACWA Power has reached financial close for its 200MW Kom Omba solar project in southern Egypt.

An IRENA report into the cost of producing power has found that the levelised cost of electricity in the solar PV sector fell by 3% in 2022.

Swift Current Energy has closed financing for its 800MWdc/593MWac Double Black Diamond solar project, having raised US$779 million.

AEMO Services has received bids for 3.1GW of power generation in the state of New South Wales, more than three times the target of 950MW.

UAE state-owned renewable energy developer Masdar has launched its first US$750 million 10-year green bond, with the proceeds to be invested in renewables, including solar and wind projects.

Terabase has raised US$25 million for its terafab project, which aims to increase the number of automated processes in solar manufacturing.