Low Carbon Raises £310 million For PV
‘One Among Largest’ Private Construction Debt Facilities Of Its Kind For Renewable Energy
Renewable energy company Low Carbon in the UK has raised £310 million ($385 million) from a host of international lenders to support the construction of an additional 448 MW solar PV capacity in the UK and the Netherlands, moving the company forward.
Egyptian Solar Project Secures $123 Million
ACWA Power Raises International Financing Package For 200 MW Kom Ombo Solar Project
Saudi Arabian energy company ACWA Power has raised $123 million financing package from a host of international lenders to develop its 200 MW utility scale Kom Ombo Solar Project to begin commercial operations in January 2024.
IFC Backing For Malawi Solar & Storage Project
Voltalia Secures IFC To Arrange Finance For 55 MW Solar & 10 MW Storage Facility In Africa’s Malawi
French renewable energy company Voltalia says it has got the International Finance Corporation (IFC) to come on board to help arrange financing for the company’s planned solar and storage project having 55 MW and 10 MW capacity respectively, in Africa’s Malawi.
IFC Backs Solar Power In Morocco
Moroccan Fertilizer Company OCP Gets €100 Million IFC Loan For 202 MW Solar PV Projects
The world’s ‘largest’ phosphate-based fertilizer producer OCP Group has secured a €100 million green loan from the International Finance Corporation (IFC) for a combined 202 MW solar PV capacity development for green fertilizer production in Africa.
30 MW Eritrea Solar Project Moves Forward
African Development Bank Grants $49.92 Million For Large Scale Solar & Storage Project In Eritrea
A 30 MW solar power plant with a 15 MW/30 MWh battery backup system in Africa’s Eritrea has secured $49.92 million grant from the African Development Bank (AfDB) to help increase the African country’s grid connected power generation capacity and bring down its power deficit.
Japanese Finance For Indian Solar Projects
SJVN To Build 190 MW Solar PV Project Capacity In India With JPY 15 Billion Green Financing From Japan
Indian hydropower utility SJVN Limited has secured green financing of JPY 15 billion ($111.2 million) from the Japan Bank for International Cooperation (JBIC) to bring online 190 MW floating and ground mounted solar PV capacity in the states of Madhya Pradesh and Gujarat.
Insolation Energy Raises $2.5 Million From EARF
Indian Solar Module Maker With 700 MW Annual Production Capacity Gets Loan From World Bank Backed Energy Access Relief Fund
Solar module producer from India’s Rajasthan with 700 MW annual production capacity, Insolation Energy Limited (INA) has secured $2.5 million as external commercial borrowings (ECB) from the World Bank backed Energy Access Relief Fund (EARF) to fuel its manufacturing expansion.
US Solar Energy Company Lands $750 Million Loan
Origis Energy Secures ‘Largest’ Announced Credit Facility This Year To Date For Utility Scale Solar & Storage Development Project Pipeline
US based solar energy company Origis Energy has raised $750 million development finance facility to support its pipeline of projects and calls it the ‘largest announced’ this year for a utility scale solar and storage portfolio.
Iberdrola Raises EIB Finance For Italian RE Projects
European Investment bank Grants €150 Million Green Loan For Iberdrola To Build 400 MW Solar & Wind Power Projects In Italy
The European Investment Bank (EIB) has extended financial support in the form of a €150 million green loan for Spanish energy group Iberdrola to undertake the construction of around 400 MW wind and solar PV projects in Italy.
$210 Million For 438 MW Solar Power Plant In Brazil
BNDES Approves $210 Million USD-Indexed Loan For Atlas Renewable Energy’s 438 MW Brazilian Solar PV Project
Latin American renewables company Atlas Renewable Energy has raised a USD-indexed loan of $210 million from Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) for its 438 MW Boa Sorte Solar Power Plant that’s .
Financing For Community Solar Microgrids in Nigeria
Husk Power Systems Raises $750,000 From Germany’s Development Finance Institution DEG To Build Community Solar Microgrids In Nigeria
Husk Power Systems, a solar-hybrid microgrids operator, has raised $749,000 loan from the German development finance institution DEG that it plans to deploy for 8 new community solar microgrids in Nigeria and expand its India operations.
Finance Pouring In For US Solar Power Companies
Silicon Ranch Completes $600 Million Equity Raise & Sunrun Secures $835 Million Non-Recourse Financings
With a strong regulatory environment supporting the solar PV industry in the US under President Joe Biden, the country’s solar market is increasingly attracting huge investments – Silicon Ranch Corporation recently conducted a $600 millio.
100 MW Tunisian Solar Power Plant Secures Finance
African Development Bank Clears $37 Million For AMEA Power’s 100 MW Kairouan Solar Project In Tunisia
Dubai based AMEA Power has raised a $37 million loan package from the African Development Bank Group (AfDB) to finance the construction of its 100 MW Kairouan Solar Power Plant, the ‘1st’ solar independent power producer (IPP) project in Tunisia.
Financing For Kosovo To Use Solar Power For District Heating
Backed by European Union, KfW & EBRD, Kosovo To Become 1st Western Balkan Economy To Deploy Solar Power To Heat Homes
A 50 MW solar power plant, financed by the European Union (EU), KfW and the European Bank for Reconstruction and Development (EBRD), is envisaged to come up in Kosovo to power central heating systems which will make it the 1st Western Balkan nation to use solar energy for this purpose.
Financial Close For 300 MW AC Solar Farm In Australia’s NSW
300 MW AC Walla Walla Solar Plant Of FRV Australia, Contracted By Microsoft, Becomes Largest PV Project Financed By CEFC To Date
Australian government’s Clean Energy Finance Corporation (CEFC) has shelled out $100 million for 300 MW AC Walla Walla Solar Farm of Spain’s Fotowatio Renewable Ventures (FRV) Australia as the largest solar farm to be project financed by the agency to date.
‘Largest’ Financing Transaction For Residential Solar In Europe
Germany’s Enpal Raises €855 Million Refinancing Capital To Support Over 30,000 New Solar System, Energy Storage & Wall Box Installations In Germany
Solar leasing company from Germany, Enpal GmbH has raised what it calls is the largest financing transaction of this type for residential solar in Europe to date, with €855 million that can support installations for over 30,000 new solar, energy storage systems and wall boxes in Germany.
Bboxx Raises €11 Million To Expand Operations In Togo
Off Grid Energy Access Fund Backs Bboxx Efforts To Distribute Solar Home Systems In Togo With €11 Million Loan
Private money is finding its way to help Africans get access to clean energy and its latest recipient is plug-and-play solar systems company Bboxx that has raised €11 million loan from the Off Grid Energy Access Fund (OGEF), managed by Lion’s Hea.
New Distributed Renewable Energy For Africa Initiative
World Bank To Mobilize Private Investment In Distributed RE With A New Platform For Africa
The World Bank Group has announced the launch of the Distributed Access through Renewable Energy Scale-Up (DARES) Platform to help Africa speed up efforts to achieve universal electrification goal by 2030 and mobilize private investment into distributed renewable energy (DRE) in the continent.
Renewables To Replace South African Coal Power Plant
$497 Million World Bank Backing For South African Plan To Install 220 MW Solar & Wind & 150 MW Storage
South Africa has secured $497 million financing from the World Bank Group to decommission and repurpose its Komati Coal-Fired Power Plant with 150 MW solar PV, 70 MW wind energy and 150 MW battery energy storage system (BESS) capacity as a demonstration project for the energy transition.
