solar

Nobel Energy has signed a memorandum of understanding with Azerbaijan to develop a 400MW solar project in the western exclave of Nakhchiva.

Crow Holdings has launched a renewable power arm, which will work to develop community solar projects and “mid-sized, utility-scale projects”.

Spanish power company Iberdrola and the sovereign fund of Norway will invest in 1.3GW of renewable capacity in Spain.

Solek has reached a funding agreement with several banks and investors to provide US$379 million for its solar power portfolio in Chile.

Kenyan solar power company Sun King and investment bank Citi have partnered on a US$130 million securitisation deal.

Motor Oil Renewable Energy has acquired a majority stake in holding company Unagi S.A. with a 1.9GW solar portfolio.

Lightsource bp has closed a tax equity deal, worth US$267 million, with financial services company Wells Fargo for a 481MW solar portfolio.

African power company Ncondezi Energy has launched a feasibility study for a hybrid solar-storage project earmarked for Mozambique.

Shell has tasked renewables monitoring and control firm Inaccess to optimise a 100MW solar-wind hybrid project in the Netherlands.

German utility giant RWE has issued a green bond with a volume of €2 billion (US$2.1 billion), the proceeds of which will be used to pursue development of solar and wind projects.