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finance

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.

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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.

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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.

€1 billion in green bonds issued at Luxembourg Stock Exchange

China Construction Bank Corporation (CCB) and the European Investment Bank (EIB) have each listed a €500 million bond. The bond issuance of the Chinese company was made on the newly created Luxembourg Green Exchange, a platform exclusively dedicated to sustainable finance.

Shanghai Electric reveals plan to acquire 51% stake in GCL-Poly’s polysilicon unit

Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.

$758 million financing for the first PV-CSP plant in Latin America

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

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