investment

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.

Norwegian state-owned electricity company Statkraft plans to reach 2GW of solar by 2025, as part of a NOK1 billion (US$1.2 billion) investment in renewable energy.

Fund manager African Infrastructure Investment Managers (AIIM) has acquired majority stakes in nine new solar and wind power plants in South Africa, totaling 800MW.

Up to 500MW of solar is likely to be able to compete in Ireland’s first auction to bring forward new renewable electricity projects when it takes place in 2019, according to Solar Media market research analyst Lauren Cook.

The European Bank for Reconstruction and Development (EBRD) is providing a €31 million loan for a 30MW solar project in the Kyzylorda region of Southern Kazakhstan, sponsored by Total EREN and Access Infra Central Asia.