A new partnership between CrossBoundary Energy Access and Engie Energy Access plans to build a US$60 million portfolio of mini-grids that are expected to connect more than 150,000 people to electricity in Nigeria.
The European Bank for Reconstruction and Development (EBRD) is providing up to US$100 million in financing to support the development of 150MW of solar in Turkey.
US$1 billion financing has been secured for a ‘Round-The-Clock’ (RTC) renewable energy project in India, marking the biggest single-project clean energy deal in the country, developer ReNew Power has claimed.
The CEO of US solar and energy storage developer Borrego has said the company’s project development business will be less capital constrained under the new ownership of investment firm ECP, following a deal announced earlier this week to spin off and sell the unit.
European solar developers hit by rising module costs are scrapping tariffs secured in auctions and are instead looking to sign power purchase agreements (PPA), according to a speaker at today’s Large Scale Solar event.
Brazilian energy utility company Neoenergia has signed a €200 million (US$221 million) loan from the European Investment Bank (EIB) to finance 715.5MW of renewable projects in Brazil.
Solar Philippines Nueva Ecija Corporation (SPNEC) is looking to raise capital from a stock rights offering (SRO) and private placements with institutional investors to support the development of 10GW of solar PV.
The European Investment Bank (EIB) will support the addition of 430MW of solar PV and wind in Spain and Portugal through a €100 million (US$114 million) financing deal.
Norwegian independent power producer (IPP) Scatec said it has put on hold a 900MW solar project in India due to a lack of supply of domestic modules and the upcoming introduction of a new import duty.
