French solar developers, financiers and utilities have said government plans to cut subsidies for PV project owners would lead to an “economic catastrophe” that could threaten the country’s energy transition.
A round-up of the latest news in solar project development, as R.Power receives financing for a 183MWp portfolio, BayWa r.e. sells another Spanish project and Sungrow secures a UK inverter supply deal.
The funding will go towards the development of four plants contracted to generate energy for Spanish oil giant Repsol and move the manufacturer-turned-developer closer to its aim of deploying 3GW by 2023.
The New York City firm, which specialises in funding solar and anaerobic digesters in the US, said it will use the funding from Newlight Partners, a Soros Fund spin-off, to support projects' pre-construction phase.