IFC, Raiffeisen Bank provide €90 million for 225 MW of solar in Bulgaria
International Finance Corp. (IFC) and Raiffeisen Bank International have signed off on a €90 million ($97.8 million) debt package to support the development of a 225 MW facility in northeastern Bulgaria.
Can Israeli PV tenders preserve competition in a concentrated market?
Researchers have studied Israel’s clearing price method for PV tenders and raised concerns about its potential for long-term dominance. They examined how power abuse and technological inefficiencies lead to market inefficiencies, concluding that a duopoly best suits the Israeli market.
UK’s largest PPA to date signed for 373 MW solar park
Quinbrook Infrastructure Partners announces two long-term agreements covering 100% of solar power generation at Cleve Hill Solar Park. British supermarket retailer Tesco has signed a 15-year agreement covering 65% of generation and Shell will manage remaining capacity under 10-year route-to-market deal.
University of the Western Cape launches 4 MW solar, storage tender
South Africa’s University of the Western Cape (UWC) has opened a 4 MW solar and storage tender, with proposals to include a PV carport system and an online monitoring and management platform. The tender follows a build, operate, and transfer model for up to 20 years.
Gautam Solar plans IPO
Gautam Solar plans to launch an initial public offering (IPO) in the next 12 to 18 months to fund its PV cell expansion plans.
Kosovo shares results of solar subsidy scheme
Kosovo’s Ministry of Economy says two new schemes, offering subsidies for solar system installations to households and small- and medium-sized enterprises, have received more than 500 applications combined.
Canada refinances funding stream for renewables, grid modernization tech
The Canadian government has put another CAD 500 million ($363.1 million) in its funding stream to finance renewable energy and grid modernization technologies. Canadian utilities, system operators, and industry organizations are eligible to apply for support for projects that help strengthen the grid.
Form Energy raises $405 million for its multi-day iron-air batteries
The US-based long duration energy storage startup has raised more than $1.2 billion to date, making it one of the top-funded players in the space.
What to expect in a residential solar loan in U.S. market
A report from Energysage reviews common terms for residential solar loans.
Depreciation of €222 million pushes Baywa’s result to zero
The Munich-based group generated significantly lower sales in the first half of the year. In addition, it had to make large write-downs, particularly in its renewable energy business.
