funding

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.

Summit Ridge Energy and PureSky Energy have established financing facilities, while Mainstream has closed funding for a 97.5MW solar project.

Ashtrom Renewable Energy has raised US$270 million in funding for its 400MWdc Tierra Bonita solar project in the US state of Texas.

The US Department of Energy has agreed to supply up to US$3.3 billion in loan funding to US residential solar developer Sunnova.