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Financing

Financing distributed solar energy 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.

IB Vogt secures $135 million from EIG Global Energy Partners

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

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SunPower accesses $1bn in residential solar and storage loan capital from credit union

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.

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Varying capital costs favor wind over solar in Europe

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.

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Chinese investment in renewables soars under Belt & Road initiative

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.

Solarpack posts strong Q1 revenue as it chips away at global backlog

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.

Financing renewables in the EU and Latin America: Trends and market designs

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.

International Solar Alliance boosted by EIB funds

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.

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Solar corporate funding rises 15% YoY with $5.3 billion in H1 2018 – Mercom

Despite the uncertainty caused by U.S. solar panel import tariffs, deteriorating trade relations between the U.S. and China, and the looming consequences of China’s PV policy change, the solar industry saw a 15% YoY increase in corporate funding in the first half of 2018, on the back of a Q2 rebound, finds the latest Mercom Capital report.

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International investors provide $34 million for solar plant in Zambia

The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.

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