Financing News

German cleantech unicorn 1Komma5 Grad has rolled out a EUR-1-billion (USD 1.14bn) financing programme in partnership with European investors and banks to help households install heat pumps, solar systems, battery storage and electric vehicle (EV) charging stations.

Germany’s state-owned development bank KfW has initiated a funding programme to support renewable electricity and heat generation projects that are not backed by government schemes.

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have agreed to provide up to EUR 61.3 million (USD 70.2m) in financing to support a 100-MW solar photovoltaic project in Tunisia.

Lithuanian renewable energy developer and independent power producer Green Genius has closed a EUR-14.1-million (USD 16.2m) financing deal to advance the development of its 650-MW solar portfolio in Italy.

Permanent Power Company, an energy platform backed by real estate and infrastructure investor CIM Group, said on Thursday it had secured approximately USD 600 million (EUR 524.1m) in construction financing for a solar and battery storage project in California.

US renewables developer-operator Origis Energy said on Thursday it had closed a USD-900-million (EUR 784.9m) corporate credit facility to fund the development of more than 5 GW of near-term solar and energy storage projects across the United States.