funding

Tandem PV has secured US$6 million to advance research and development and plans to build its first manufacturing plant.

Indian commercial and industrial (C&I) renewables developer Serentica Renewables has secured funding for a 530MW round-the-clock hybrid project in India.

Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.

BrightNight has closed a US$375 million corporate credit facility, which it plans to use to build out a 31 GW pipeline of projects.

Radial Power has raised US$80 million in tax equity financing from the Bank of America to develop 96MW of new solar capacity in the US.

Sabanci Renewables has raised US$185 million in tax equity funding to complete the financing of its Cutlass Solar II project.

US renewable developer energyRe has raised US$1.2 billion for a number of projects, including solar-plus-storage and transmission work.

AES Dominicana has raised US$368 million in a loan facility that will be used to finance renewable energy projects in the Dominican Republic.

Econergy has closed a €60 million funding facility with Austrian bank Raiffeisen for its 155MW Ratesti solar project in Romania.

Recurrent Energy has announced the funding for its 300MW Ciranda solar project, which consists of a US$100 million (BRL490 million) package.