UK developer secures $471 million financing for 536 MW-146 MWh solar, BESS portfolio
British Solar Renewables reached financial close on 12-project solar portfolio with three co-located battery energy storage system (BESS) assets. The GBP 345 million financial package covers 536 MW of PV capacity and 146 MWh of BESS.
ACWA Power reaches financial close for 200 MW solar project in Egypt
With an overall investment cost of US$182 million, the Kom Ombo plant is expected to be commercially operational in January 2024.
Acme Solar raises $334 million via offshore green bonds
Indian developer Acme Solar’s green bonds were oversubscribed by over three times, and will support it financing twelve projects for a combined 450MW (or 605 MWp) of its operational assets in India.
Finance platform targets underserved small-scale solar projects
A spin-off of the Connecticut Green Bank, IPC is a not-for-profit investment fund that scales clean energy financing and channels investment capital to communities that need it most.
Australian fund champions low-risk utility-scale PV
Small-footprint solar farms can get a purchase on distribution lines, they’re virtually pop-up in terms of construction times, and they offer a smart development model that can be easily repeated. The Solarion Renewable Fund wants to let investors in on its clean little secret.
Finance secured for 500 MW Omani project despite Covid-19 disruption
Saudi energy company Acwa Power announces $275 million has been borrowed for a project which is due to start supplying electricity to the national utility this year under a 15-year power supply deal.
Recovering interest rates may raise large scale solar electric price 11%
Renewables investment may by hit by rising interest rates despite the falling cost of clean energy tech just as fossil fuels avoid the impact of rising base rates.
BNEF: Cheap finance is key to PV deployment in the developing world
While solar is lauded as a cheap energy resource in OECD countries, the cost of financing PV projects in developing nations has impeded progress. Development banks and the Clean Technology Fund they finance have played a key role in providing access to cheap financing for clean energy projects in many markets.
$200 million earmarked for green projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.
Azure Power raises $400 million in debt and equity
Azure Power has raised the capital since June 30th, and says it is “the largest amount of financing raised by a solar power company in India during this period”. Azure says the fund leaves it well positioned to deliver a 2 GW project pipeline.
