financing

ACWA Power has secured loan financing of US$2.3 billion (SAR8.6 billion) to support the construction of three new solar projects in the state.

Governments across Central America are starting to issue renewable energy tenders with a focus on solar power.

Speaking at the Solar Finance & Investment Europe conference in London last week, four speakers discussed market trends in Portuguese solar.

Solar financiers need to be more dynamic and flexible, according to panellists at Solar Media’s Solar Finance & Investment Europe event.

3Sun, the solar module manufacturing subsidiary of Italian utility Enel has secured €560 million (US$612 million) in financing for its heterojunction module assembly plant in Sicily, Italy.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

Renewables investor Aquila European Renewables has secured a €50 million (US$54.7 million) debt facility through a 180MWp solar PV portfolio in Spain.

US solar developer Origis Energy has secured US$344 million from MUFJ for a 200MW solar project in Mississippi, the US.

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.