Consortium reaches financial close on 2 GW Saudi solar project
Masdar, GD Power and Korea Electric Power Corp. (Kepco) have reached financial close on the 2 GW Al Sadawi solar project in Saudi Arabia. The financing includes $1.1 billion from eight regional and international banks.
Indian entrepreneur invests $15.8 million to expand PV production
Indian entrepreneur Nikhil Kamath has invested INR 1.375 billion ($15.8 million) in Gujarat-based Goldi Solar to expand its PV module production.
Data center firms could buy utilities and add renewables, says trade group exec
Data center firms could purchase electric utilities and add renewable generation in the United States, says Simon Mahan, executive director of the Southern Renewable Energy Association, which represents the wind, solar, storage and transmission sectors.
Activ8 Energies acquires Low Carbon Energy to expand UK solar portfolio
Activ8 Energies, 50% owned by SSE Airtricity, has acquired all shares of UK-based Low Carbon Energy (LCE) to strengthen its commercial and industrial (C&I) solar portfolio in the United Kingdom.
Philippines secures financing for 125 MW Citicore solar project
A PHP 4.4 billion ($77.5 billion) project finance loan facility is supporting the development of the 125 MW Citicore Solar Pangasinan project, with construction scheduled for completion by the end of this year.
NIB, NORD/LB finance 182 MW of solar in Lithuania
The combined investment from the two banks totals €64 million ($74.7 million) and will be put towards the development of two new solar farms in Lithuania each with a capacity of 91 MW.
Zeo Energy acquires Heliogen, combining rooftop PV with CSP towers
Florida-based rooftop solar developer Zeo Energy Corp. has acquired Heliogen, a concentrated solar power (CSP) tower specialist, combining distributed PV expertise with utility-scale solar technology.
Copenhagen Infrastructure Partners plans 1 GW of PV-wind, 3,831 MWh BESS
Copenhagen Infrastructure Partners (CIP), a Danish renewables investor, has sought environmental clearance in Chile’s Antofagasta region for a $1.3 billion mixed-generation project pairing 1,004 MWp of solar and 152 MW of wind with a 3,831 MWh battery energy storage system (BESS) to aid grid stability.
How the One Big Beautiful Bill affects heat pump adoption
The US congressional budget bill reduces tax credits for energy efficiency investments, including heat pumps, which is expected to slow adoption rates.
Romania awards 1.4 GW of solar at average €40.46/MWh in second auction
Romania has allocated 1,488 MW of solar in its second contracts for difference (CfD) auction for renewables. Prices of the 26 winning solar bids ranged from €35.50 ($41.59)/MWh to €45.20/MWh.
