solar

Government approves four investments into renewable energy projects totalling 2.8GW capacity as part of the country’s economic recovery from COVID-19.

Additions have been made to support action on climate change through federal tax incentives in the proposed Congress bill to invest US$1.5 trillion in infrastructure across the US.

Renewables, energy storage and grid assets are all being considered as top investor bags institutional backing for FEIP fund from the EIB and other investors.

US Congress and the White House have failed to agree an extension to the US solar Investment Tax Credit (ITC), paving the way for the credit to be cut from next month.

Enel has announced a multi-billion-euro upgrade to its renewables investment programme as the utility plans to derive 60% of its power generation from renewables by 2022.

Trio of deals will see infra fund Marguerite take an 80% share in the projects, which have PPAs in place with Centrica.

Lightsource BP has completed its first utility-scale solar farm in India after bringing online a 60MW project in Maharashtra, having won the contract through a competitive 450MW tender process completed in September 2016.

Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million to sole investor the International Finance Cooperation (IFC), to expand finance for private sector investments and to tackle climate change.

Altus Power America has increased its investment capital by US$150 million for large scale commercial, community and small utility scale solar projects.

The Abu Dhabi Fund for Development (ADFD) has financed a two-year renewable energy training programme for Pacific Island countries.