Shreeyashi Ojha

1 week ago | pv-tech.org | Shreeyashi Ojha

German renewables developer Blue Elephant Energy has received a €200 million (US$214 million) investment from European asset management company Infranity. The funding agreement will support the development and construction of Blue Elephant’s 1GW renewable energy pipeline across Europe. Under the agreement, Infranity has provided Holdco construction financing to Blue Elephant Energy, with the option to double the funding.

1 week ago | pv-tech.org | Shreeyashi Ojha

Indian module manufacturer Ahaan Solar has started construction of a 2GW solar module assembly plant in Rohnat, Haryana – about 150km west of New Delhi. Spanning over 68,000 square-meters, the plant will be built in two phases with a total investment of INR8 billion (US$95.8 million). The first phase will include a 600MW Tunnel Oxide Passivated Contact (TOPCon) module production line set to begin operations by mid-2025.

1 week ago | pv-tech.org | Shreeyashi Ojha

US renewables developer Redeux Energy Partners has secured a US$30 million revolving letter of credit (LC) facility from Australian financial services company Macquarie Group. The LC will enable Redeux to cover development costs tied to interconnection and power purchase agreement (PPA) commitments across its utility-scale project pipeline.

1 week ago | pv-tech.org | Shreeyashi Ojha

Independent power producer (IPP) Scatec has raised US$479 million for its Obelisk hybrid solar and battery storage project in Egypt. The funding is being provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII). The total cost of the project is US$590 million, of which around 80% – or US$479.1 million – has been secured through financing.

1 week ago | pv-tech.org | Shreeyashi Ojha

Atlantic Blue – a wholly-owned subsidiary of Malaysian solar company Solarvest – will build Brunei’s largest national solar project through joint venture Seri Suria Power, alongside Serikandi Oilfield Services and Khazanah Satu. The 30MW PV power plant, set to break ground in the third quarter of 2025, will be built on a 332,900-square-meter former landfill site in Kampong Belimbing, Mukim Kota Batu. The plant is expected to become operational by the end of 2026.