funding

Appetite to invest in US community solar projects has seen increased interest since last year, boosted by the Inflation Reduction Act.

The Connecticut Green Bank has more than doubled its support for commercial-scale solar, and will now commit US$110 million to new facilities.

Albania has launched its fifth round of auction for new PV projects, and is aiming to add 300MW of new capacity to the country’s energy grid.

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.