The deal includes a commitment of $150 million in NIIF’s Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund Canada’s biggest public pension fund is investing up to $600 million in India’s National Investment and Infrastructure Fund (NIIF), as it seeks to grow its infrastructure […]
Investors Still Waging War With Spain Over Retroactive Cuts
Spain has offered an olive branch in its long-running legal battle with renewables developers. But the fight isn’t over yet. Investors fighting Spain over retroactive cuts to feed-in tariffs for renewables projects are braced for more legal wrangling despite an offer to recover some revenue. It appears likely developers will ignore the regulatory olive branch […]
Who Will Fund the Renewables Boom of the Next 15 Years?
New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from? How much capital for renewables is likely to be deployed going forward, and where will it come from? Wood Mackenzie estimates that the combined global capex spend on wind and solar projects will […]
Banks Will No Longer Finance Fossil Fuels
Neutrino Energy Stems the Tide of Disaster BERLIN : The Neutrino Energy Group is the world’s preeminent developer of neutrino energy technology. With CEO Holger Thorsten Schubart at the helm, this partnership of American and German organizations seeks to solve today’s fossil fuel crisis with the power of neutrinos. Banks Will No Longer Finance Fossil […]
Canadian Investment Manager Jumps into U.S. Community Solar Market with Nautilus Acquisition
Canadian Power Energy Corp. wants a slice of the “huge” U.S. market. The environmental impact arm of investment management and holding company Power Corporation of Canada this week took full ownership of U.S. community solar developer Nautilus Solar. The acquisition fits within the broader trend of institutional investors dipping into solar, and the community solar […]
Senegal: Proparco, IFC and EIB finance the construction of two new solar power plants as part of the Scaling Solar program
Through the financing of the construction of two solar power plants in Senegal, Proparco, IFC and EIB are reaffirming their commitment to sustainable development on the African continent. These two new large-scale power plants, the 7th and 8th built in Senegal in less than 3 years, illustrate the strong momentum underway in the country towards […]
ENGIE and partners sign contracts for 60 MW solar PV projects in Senegal
ENGIE was selected as preferred bidder by Senegal’s Electricity Sector Regulation Commission (CRSE) in a tender launched in October 2017. ENGIE (ENGIE.com) and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60 MW. The total investment cost for the projects amounts to 47.5 […]
Dividend Finance Enters Solar Loan Partnership With KeyBank
Residential solar loan providers are increasingly teaming up with banks, potentially boosting their margins while lowering interest rates for customers. Solar loan provider Dividend Finance will begin originating loans financed by KeyBank, offering the bank’s financing next to its own residential solar loans. The deal, involving a large bank and the solar loan provider ranked […]
World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030
Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. The 19,000 mostly hydro- and diesel-based mini-grids that power 47 million people today could boom to 210,000 systems powering 490 million by 2030, according to the institution. Its report said […]
Summit Ridge Energy Secures Project Finance Fund for 100MW of Community Solar
One more financier is jumping into the budding community solar market. Low-carbon investment firm Hannon Armstrong has partnered with developer Summit Ridge Energy to finance community solar projects, the companies announced this week. The companies structured the deal as a joint venture called Summit Ridge Capital, which will invest cash equity in community projects that […]