Netherlands’ largest PV project reaches €41 million financial close
The nation’s largest solar plant – of 54 MW – has achieved financial close and tenders for plants exceeding 100 MW are in the pipeline
US Senate proposes business-as-usual energy budget
The upper chamber of Congress has called for stable funding for the Department of Energy’s Office of Energy Efficiency and Renewable Energy in 2019, with an emphasis on electric vehicles as well as increasing the budget for ARPA-E by 6.5%
TerniEnergia to sell EPC and O&M PV business
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
Sunpower secures a $300 million bridge to pay off loan certificates
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
Turkey’s rooftop PV seeks a market
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
Serbia to switch from FIT to feed-in premiums and auctions
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
ADB finances its first utility-scale PV plant in $160 million deal
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
TenneT issues €1.25 billion in green bonds
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.
CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
Sonnen secures €60 million investment from Shell Ventures
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.
