investment

HSBC UK Pensions Scheme is to invest £250 million (US$329.9 million) in UK solar and wind farms under a new agreement with renewables investor Greencoat Capital.

Smart energy and inverter company SolarEdge will acquire the South Korean battery manufacturer Kokam.

British developer Solarcentury has sold an 80% stake in the 300MW Talayuela project in Spain.

Streamlining red tape, ditching subsidies for bill payers and improving investment conditions could see Egypt become a multi-GW market for solar.

Two of India’s coal giants will develop 3GW of solar in the country through a new joint venture company.

French developer and independent power producer (IPP) Neoen will look to raise in excess of €620 million when it floats on the Paris stock exchange.

Single-axis solar tracker firm Soltec has signed a €100 million syndicated credit facility with eleven banks, led by Banco Santander to continue to expand its international business with the opening of subsidiaries in the five continents.

The Danish Green Investment Bank has provided €16 million of funding for two projects in Denmark with a combined capacity of 32MW.

Softbank CEO Masayoshi Son has said its solar projects will provide electricity for free beyond the initial 25-year term of their power purchase agreements (PPAs).

Saudi Arabia’s sovereign wealth fund has rejected media reports that a multi-billion dollar solar programme has been halted.