investment

The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche five-year (US$750 million) and 10-year green bonds (US$500 million).

Downstream solar firm Conergy Asia has been acquired by two private equity funds, Tennenbaum Capital Partners (TCP) and Goldman Sachs BDC (GSBD).

TerraForm Power has confirmed that its acquisition by Brookfield remains on track.

Oil major Shell has invested in Singapore-based solar developer Sunseap.

The World Bank is providing US$150 million in credit for off-grid solar energy in marginalised communities of Kenya.

France has awarded 507.6MW of PV to 77 developers in its second major large-scale solar auction, for projects ranging between 500kW and 17MW capacity.

Engie is investing in Kingo Energy and Mera Gao Power aiming to bring renewable energy to over 2 million people in Central America and India by 2020.

Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.

The Asian Development Bank (ADB) has invested THB1,968 million (US$57.7 million) in Thai power firm B. Grimm Power Public Company (B. Grimm) to develop renewable energy projects in Southeast Asia.

Hive Energy has revealed it is planning to build a solar farm in the UK without subsidy support next summer.