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This rates of interest of 7.2% is dealt with for 42 months as well as it's the most affordable in terms of rupee financing for Azure Power's existing portfolio until now. It has been learnt that for this refinancing facility, L&T Finance Limited has actually served as the sole expert.

Italian utility Enel Group and Spanish bank Santander have actually consented to work together on solar PV, lithium battery storage space and energy efficiency solutions for the domestic and also business and also commercial (C&I) markets.

SunPower has secured funding dedications from Hannon Armstrong Sustainable Infrastructure Capital Inc. and also various other resources companies for its property solar lease program, as well as its new solar+ storage space program-- the SunPower Equinox system with SunVault storage space.

Natixis Corporate & Investment Banking (Natixis CIB) has actually led a US$ 360 million financing round for a Chilean PV portfolio consisting of more than 360MW.

Polish renewables developer PAD RES has secured a €38m bridge loan to support the construction of 14 fully merchant solar PV projects with a total capacity of 76MWp.

SolarPower Europe urges EU policy makers not to impose tariffs on imported solar equipment as it could impede clean energy installation. Instead, incentivise resilient European solar production for a better win-win strategy. EU set a record in 2020 with 40Gw of solar capacity, but risk repeating past dips if restrictions are enacted.

RWE has commissioned a 12-MWac solar farm on the edge of Germany’s Hambach opencast mine—one of several projects transforming the region.

Mainstream Renewable Power and partners inaugurated a 97.5-MW solar farm supplying Sasol and Air Liquide with contracted clean electricity in South Africa.

Bankia and Banco de Sabadell providing project funding loans for the 169MW Olmedilla project

Scatec Solar has closed financing on 3 Grootfontein solar projects in South Africa with a combined capacity of 273MW. Construction to begin Q1 of 2024 and estimated to power 100,000 households. Financed by equity and $241m of project finance debt.

Orix Bank is providing $2.89 billion in funding for renewable energy and logistics projects this fiscal year, with a goal of 1% return on assets through debt securitization. Leveraging the ESG investment trend, the bank seeks to capitalize on the rising renewables sector.

Voltalia has successfully commissioned a 50.6 MW solar cluster in Portugal, reducing 46,685 tonnes of CO2 emissions annually. With long-term PPAs and an agreement with Renault, Voltalia is leading the way in renewable energy and looking to expand its presence.

TagEnergy secures £70m debt package to finance 100MW battery energy storage system project in North Yorkshire. Tesla, Habitat Energy and RES to support construction of completed facility by mid 2024. CEO Franck Woitiez says innovative financing offers value and accelerating energy transition.

Microsoft and Volt Energy Utility join forces to build a 125 MW solar farm in Ohio, creating jobs and supporting environmental justice and diversity initiatives.

2 United States Senators have actually presented a bipartisan energy tax obligation proposal to motivate innovation in the clean energy sector and rapidly scale up brand-new modern technologies.