Finance

The Eurasian Development Bank has agreed to provide $210 million over 15 years for Bishkek Solar to build a 300 MW solar plant in Kyrgyzstan. National Electric Grid of Kyrgyzstan will purchase the electricity for a period of 25 years.

The second phase of Ireland’s Small-Scale Renewable Electricity Support Scheme (SRESS) is aimed at local communities and small- and medium-sized enterprises that produce their own electricity.

Malakoff Corporation Berhad, a Malaysian independent power producer (IPP), plans to acquire a 51% share in ZEC Solar and a 49% stake in TJZ Suria. It says it has already signed a share sale and purchase agreement with Zelleco Engineering.

The subsidiary of Chinese-Canadian solar manufacturer Canadian Solar says the financing will go towards developing and constructing solar and battery energy storage projects across Spain, Italy, the UK, the Netherlands, France and Germany.

Danish citizens will once again be able to apply for heat pump subsidies from May 27. A DKK 17,000 ($2,469) grant will be available for air-to-water pumps and DKK 27,000 for liquid-to-water heat pumps.

Alcazar Energy Partners has reached financial close, totaling $490 million, for its second renewable energy fund. It aims to develop more than 1.6 GW of clean energy projects across selected emerging markets, including the western Balkans.

European renewables developer Qair will build a 10 MW solar plant in western Tunisia with a €3.9 million ($4.2 million) loan from the European Bank for Reconstruction and Development (EBRD), as well as to up to €1 million in concessional funding from Finland.

With California’s NEM 3.0 legislation having gutted panel sales and Arizona heading a bevy of other US states preparing to reduce solar-export payments, it’s time the United States solar industry stepped up, for ourselves as well as our customers.

PosHYdon says it wants to validate the integration of three energy systems in the Dutch North Sea: offshore wind, offshore gas, and offshore hydrogen. The project will involve the installation of a hydrogen plant on the Neptune Energy (Eni) Q13a-A platform.

Trina Solar says its solar panel shipments reached 65.21 GW in 2023. The Chinese module maker achieved a turnover of $15.75 billion and a net profit of $768.2 million in fiscal 2023, with an annual module production capacity of 95 GW by the end of December.