project finance

This year could be a tipping point for Europe’s green hydrogen sector, with a flurry of activity predicted if the necessary policy environment is achieved, according to research and consulting firm Delta-EE.

Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will see the partners explore opportunities to develop projects, including renewable energy plants.

Solar risk manager kWh Analytics has launched a new offering that it says allows PV project owners to receive upfront payments in return for maintaining asset performance.

The equity transfer comes weeks after Meralco launched a 2MW/2MWh battery electric storage system 50km north of Manila that will work to stabilise energy from a 3.8MW solar farm.

Credit Agricole and Korea Development Bank provide construction and term debt for the US$210m, 150MW first project phase, due to go live next spring.

Funding package of US$150m will finance solar and onshore wind projects that will generate 1,900 jobs.

The project, financed by US Bank, HSBC, Rabobank and Nord/LB is expected to become operational mid-2020.

A new report from the Climate Bonds Initiative noted that the Brazilian green bonds market has now reached US$3.67 billion.

Canadian Solar’s Japanese project fund has been approved for listing by the Tokyo Stock Exchange.

Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.