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Finance

Akfen Renewable Energies to receive $363 million loan for PV & wind projects

Turkey’s Akfen Renewable Energies this week signed a new $363 million loan with six international and Turkish banks, to build 327 MW of new solar and wind power capacity.

Neoen prepares for €450 million IPO

Through the listing on the French stock market, the independent power producer hopes to raise enough capital to increase its renewable energy assets from 2 GW to 5 GW. Impala intends to subscribe to the offering and remain majority shareholder.

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GCL-Poly: ‘wafer and poly prices have already started recovery’

The world’s number one poly maker claims the worst of the fall-out after Beijing’s policy change has already occurred, and will press ahead with plans to expand production capacity – but its development business may need to find new sources of funding.

Qatar’s Nebras enters Dutch solar market

The Qatar-based investment firm has agreed to acquire a 75% stake in Netherlands-based Zon Exploitatie Nederland Holding B.V. (ZEN). The Dutch company owns a PV plant porftfolio of around 96 MW.

The weekend read: Seven trends to make or break corporate PPAs

Something interesting is happening in the PV market. We’re not just seeing an emergence of corporate power purchase agreements (cPPAs) in parity geographies – but also compelling innovation in the commercial models which underpin them. Despite the challenges of offtaker risk, contract duration, and assorted other contractual oddities when financing renewable energy projects in this way, leading lenders are just about getting used to the idea of private offtake agreements. But are they ready for other commercial-disrupters like blockchain; ‘power and flexibility agreements’; pooling of medium-sized energy suppliers; and PV-storage hybrid projects?

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Fresh blow for Indian PV with 18% GST rate verdict

The decision to tax the ‘service’ provided to solar developers at the full rate comes days after India’s Supreme Court upheld the federal government’s imposition of a 25% safeguarding duty on Chinese and Malaysian panels.

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Roshow to buy stake in Chinese developer for $218.4 million

Chinese industrial group, Roshow Technology has revealed plans to purchase a 92.3% stake in Shunyu Jieneng Keji, a PV project developer, in an asset restructuring deal valued at CNY 1.5 billion ($218.4 million).

Greenko calls off plans to buy Orange Renewable

Hyderabad-based renewable energy major, Greenko Group has abandoned plans to buy AT Capital-backed Orange Renewable.

Sony lays out plans to go 100% renewable by 2040

Japanese electronics giant, Sony has become the latest major organization to commit to a 100% renewable energy target for all of its operations. The company has joined the RE100, a global NGO initiative promoting renewable energy, and plans to reach its target by 2040.

Blockchain solar PV investment fund comes together with energy storage platform

Solar DAO, a digital, autonomous, closed-end, utility-scale PV project investment fund, has announced its partnership with Powerchain, decentralized platform for energy storage, which allows prosumers to buy, store and sell energy.

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