finance

The renewable energy unit of German utility RWE is now reportedly being targeted by the Spanish power provider, after French energy group Engie was said to have launched an offer in March.

The Chinese solar manufacturer has been trying to find an agreement with its bond holders for more than two years.

Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.

Including these new plants, the company owns now around 100 MW of PV assets in Italy.

The funds will be used by the public bank Bancoldex to support unspeficied projects that help mitigate climate change impacts.

The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.

As emerging economies in the ASEAN region search for new ways to access power amid growing demand, the Asian Development Bank (ADB) is looking to encourage development of renewable energy projects. This time, it has spent more than $50 million on shares of Thailand’s B. Grimm Power Public Company, which is looking to diversify its energy generation portfolio.

The Austrian Parliament has approved a new renewable energy law. For the first time, storage combined with PV will receive support. The local association Photovoltaic Austria expects a 25% growth for PV in 2018.

Through the new fund, the Spanish financial services provider hopes to initially raise up to €20 million.

As it continues to consolidate, the Spanish solar power company is on track to expand its PV portfolio.