investment

Saudi energy company ACWA Power has reached financial closing on a 61.3MW PV project that it is developing in the Risha region of Jordan.

The European Investment Bank (EIB) and India-based Yes Bank are supporting Indian solar and wind projects with a new US$400 million co-financing initiative.

Vortex has sold a 45% stake in its former SunEdison-built solar portfolio in the UK to Malaysia’s second-largest pension fund Kumpulan Wang Persaraan (KWAP).

The solar investment tax credit (ITC) has survived a major round of tax reform in the US but demand for credits generally could fall.

BP has said the promising “fundamentals” behind the current global solar market triggered it to re-enter and the petrol giant now has ambitious plans for worldwide growth.

BP is to acquire a 43% stake in prolific UK-based solar developer Lightsource in what stands to be a significant new solar partnership.

Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million to sole investor the International Finance Cooperation (IFC), to expand finance for private sector investments and to tackle climate change.

Canadian Solar has become the latest module manufacturer to pursue a de-listing from the New York Stock Exchange.

Private equity asset manager Apis Partners and its partners will provide US$60 million in funding for Greenlight Planet — a provider of off-grid solar products and financing to underserved rural populations across Africa and Asia.

Altus Power America has increased its investment capital by US$150 million for large scale commercial, community and small utility scale solar projects.