Private equity firm KKR and Hero Group have invested US$450 million in Indian independent power producer (IPP) Hero Future Energies (HFE) to support its renewables expansion.
The European Commission (EC) and the European Investment Bank (EIB) have agreed to provide €10 billion (US$10.1 billion) in support to regions most affected by the shift away from fossil fuels
The European Bank for Reconstruction and Development (EBRD) is providing up to US$100 million in financing to support the development of 150MW of solar in Turkey.
US renewables developer Arevia Power will accelerate its work on new solar and wind projects in the country after securing an investment from KKR and asset management firm GCM Grosvenor.
Global investment in renewable energy reached a record half-year figure of US$226 billion in H1 2022, driven by soaring demand for clean energy technologies amid the ongoing energy and climate crisis, according to a BloombergNEF (BNEF) report.
Clean energy investor Octopus Investments Australia has launched a AU$10 billion (US$6.9 billion) platform that will finance renewables assets and has already acquired Australia’s largest operational solar project.
