Loan

Energy Storage System

Convergent Seeks US Funds for Puerto Rican BESS Schemes

[Image: Convergent ]Convergent Energy and Power (Convergent) has received a conditional commitment from the US Government for a loan guarantee of up to $559m to…

United States

Pacific Gas & Electric Scores $15B Conditional Loan to Expand Hydropower, Battery Energy Storage, and Transmission

California utility Pacific Gas & Electric Company (PG&E) has a pretty ambitious wish list this holiday season, but fortunately, the U.S. Department of Energy’s…

Hydropower Plant

NIB Provides €230 Million Loan to Latvenergo for Hydropower and Renewable Energy Projects

The Nordic Investment Bank (NIB) has granted a €230 million loan to Latvenergo AS, Latvia’s state-owned power utility, to support the company’s…

Energy Storage Project

Developers Close $538 Million for 1.2 GWh Battery Storage Facility in Canada

The Hagersville Park financing qualifies as a green loan. Once commissioned, the project will be one of Canada’s largest battery energy storage (BESS) sit…

Electric Vehicle Battery

DOE Announces $9.63B Loan to BlueOval SK to Expand US Manufacturing of Electric Vehicle Batteries

The US Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a direct loan of up to $9.63 billion to BlueOval SK LLC (BOSK) for…

Photovoltaic （PV）

ACWA Seeks $145M for Uzbek Solar-Storage Schemes

[Image: ACWA Power]ACWA Power has applied for financing from the European Bank of Reconstruction and Development (EBRD) for two solar-storage projects in Uzbeki…

Distributed energy

Distributed Energy Storage Provider Closes $150 Million in Financing

Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America.New York…

Virtual power plants

US Grants $305 Million Loan Guarantee for California VPP With Ice Storage

The US Department of Energy (DoE) has granted a $305 million loan guarantee to finance Project IceBrick, a virtual power plant (VPP) that will deploy up to 193 …

Energy Storage System

Root-Power Lands Planning Consent for 50MW BESS

The future site of the Broomloan BESS, near the Ibrox Stadium. Image: Root-PowerBattery energy storage system (BESS) developer Root-Power has been granted plann…

Wind Farm

RPC Future-Proofs 146 MW Swedish Wind Farm With €115M Refinancing

Renewable Power Capital (RPC) has closed a long-term operational refinancing package exceeding €115 million for the 146 MW Klevberget onshore wind farm in …

Turkey

Geothermal Greenhouse Project in Aksaray, Türkiye to Receive Ebrd Financing

The EBRD, an international finance institution, will be supporting Team Agro’s geothermal-heated tomato greenhouse in Aksaray, Türkiye with a $30 mil…

Energy Investment

Naturgy and the EIB Agree on a €1 Billion Loan to Invest in Solar Photovoltaic and Onshore Wind Energy Projects in Spain

Naturgy and the EIB have signed a first tranche of this financing worth €400 million of the total approved €1 billion. The loan will finance the start…

Electric Vehicles

Rivian Receives Conditional Commitment for up to $6.6B Loan From DOE’s ATVM Program

EV manufacturer Rivian Automotive received conditional commitment from the US Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan…

Virtual power plants

Energy Department Announces $289.7 Million Loan Guarantee for Widespread VPPs

The conditional loan guarantee will help deploy up to 1,000 solar and battery energy storage systems in a virtual power plant that spans as many as 27 states.Th…

Solar Cell

Silfab Secures $100 Million to Manufacture Solar Cells in U.S.

Half of the funding is coming from a $50 million equity investment and the other half from a green loan, which will enable Silfab to scale its solar cell manufa…