Financing

The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.

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.

A new report by Auroville Consulting highlights gaps and challenges existing today in financing rooftop solar based on its evaluation of the implementation of international lines of credit at the state level (for Tamil Nadu), and the availability and accessibility of financial support.

The German developer will use the funds to finance its 16 GW global solar pipeline.

The cash injection from Tech CU will fund the installation of ‘tens of thousands’ of the Californian manufacturer’s solar panels on residential rooftops over four years, according to the company.

Differing finance costs across the continent are likely to see wind-rich, high electricity demand nations such as Germany, France, Austria and Belgium forge ahead with renewables at the expense of countries with plenty of sun but where borrowing is expensive, according to a German study.

A report by Greenpeace has found in the five years since China announced the continent spanning ‘One Belt, One Road’ infrastructure plan, investment in Belt & Road countries has supported 12.6 GW of wind and solar power generation capacity. That compares with just 450 MW which came online in the territories before 2014. The initiative has also supported 68 GW of new coal capacity.

The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.

A new report on the financing mechanisms in the European Union (EU) and the Latin America and the Caribbean (LAC) regions offers lessons that link financing to electricity market design. The report also acknowledges the increasing presence of PV manufacturers in the LAC region.

The International Solar Alliance (ISA) received a significant boost at the New York One Planet Summit, with European Investment Bank (EIB) President, Werner Hoyer announcing a commitment to back the ISA in its expansion of India’s solar industry and the exchange of technology.