loans

FinDev Canada has announced a US$56 million loan to support the development of project Illa, which will be the largest in Peru.

The Asian Development Bank has approved a US$650 million loan to accelerate rooftop solar PV deployment in India.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

Ellomay Capital has closed financing for a 198MW portfolio of solar assets it plans to build and operate in Italy.

These programmes are Empowering Rural America and Powering Affordable Clean Energy, with investments in rural communities across 30 US states.

BNZ has secured a €166 million (US$185.4 million) loan from the European Investment Bank (EIB) for 700MW of new solar capacity in Europe.

The US Department of Energy (DOE) has closed loan financing for a 15MW solar-plus-storage project to be built on Tribal land in California.

Aggreko Energy Transition Solutions has closed US$66 million in loan financing to develop 88.5MW of distributed solar capacity in the US.

Spanish renewable power developer Zelestra has added €225 million (US$242.1 million) in loan financing to its funding streams.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.