investment

Abu Dhabi-based renewables firm Masdar has selected the International Finance Corporation (IFC) to oversee funding of Jordan’s largest solar plant, standing at 200MW.

Renewable energy management platform QOS Energy has raised €3 million from two independent equity investors.

Solar product distributor d.light has raised another US$10.5 million, bringing its total to US$40 million in four months for off-grid ventures in Africa and Asia.

New York governor Andrew Cuomo announced US$360 million in funding for 11 large-scale renewable energy projects in the state, last week.

Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum announced the UAE’s new energy strategy for the next 30 years.

China is set to up the ante on renewables in its new ‘Five-Year Plan’ that will see a total investment of US$360 billion (RMB2.5 trillion) by 2020.

Despite a number of new renewable energy proposals, Maryland governor Larry Hogan has kept "expensive" wind and solar at arm's length.

European sustainable energy innovation company InnoEnergy has invested €2 million in solar wafer epitaxial growth technology by NexWafe that increases the efficiency of solar cell manufacturing.

The Solar Energy Industries Association (SEIA) has formerly partnered with the Solar Energy Finance Association (SEFA) to lower the cost of capital in the industry and form a single voice for organising stakeholders including developers, investors and lenders.

Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the Brazil’s Sustainable Energy Financing Program.