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Estonian independent power producer Sunly has raised €200 million to build and expand its renewables portfolio in the Baltics and Poland.

Irish independent power producer (IPP) Alternus Energy has closed a business combination agreement with Clean Earth Acquisitions Corp, a special purpose acquisition company (SPAC), that will enable its expansion in the US.

German developer Belectric has signed an EPC contract with independent power producer Enlight for Israel's “largest” repowering solar project.

Greek developer Mytilineos has completed third-party engineering, procurement and construction (EPC) contracts on a backlog of solar PV projects in Chile, Uzbekistan and Spain.

Solar modules used in PV plants from independent power producer Silicon Ranch will be recycled by Solarcycle as part of a new partnership between the US companies.

Private equity firm KKR and Hero Group have invested US$450 million in Indian independent power producer (IPP) Hero Future Energies (HFE) to support its renewables expansion.

A subsidiary of Finnish energy company and independent power producer Ilmatar Energy is planning to construct a 550MW PV plant in Sweden.

Independent power producer Scatec will construct a 50MW solar project in Botswana after signing a 25-year power purchase agreement with state-owned utility Botswana Power Corporation.

The CEO of Indian independent power producer Azure Power has stepped down after just one month in the role.

Indian IPP ReNew Power reported a net loss of INR104 million (US$1 million) last quarter, which it said was as a result of a one-time expense for the refinancing of US bonds with lower cost rupee debt.