Finance

The Italian developer said that the sale will enable continuity of its PV business. Funds from the transaction will be used to create a new company which will merge PV operations in Italy with those abroad

The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.

The most subscribed event at the recent International Energy and Environment Conference (ICCI), held in Turkey, concerned the host nation’s rooftop PV market – and certain common themes emerged from sessions held on the topic

With its feed-in tariff program set to expire at the end of the year, Serbia will be looking to introduce new mechanisms to support renewables in the form of feed-in premiums and auctions. The country’s PV uptake is still in its nascent stage however, with abundant regulatory obstacles still in place

Asia’s largest IPP receives funds to develop renewable energy assets in line with Indonesia’s plans to increase renewable generation to 23% by 2025. The ADB’s support for PV at this scale is novel and could help overcome financing gaps that have hindered PV development in emerging nations

Dutch/German transmission operator Tennet Holding B.V. has launched a €1.25 billion green bond program. The issuance is backed by five major banks – BNP Paribas, Deutsche Bank, ING Bank, Lloyds and Rabobank.

Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.

Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.

Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert

A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.