Skylight and M&T Bank’s pioneering finance collaboration
SKYLIGHT LENDING secures a multi-million-dollar credit facility from M&T Bank, paving the way for expansion into five states.
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Globeleq completes $37M debt restructuring for Aries and Konkoonsies PV plants
Globeleq completes a US$37 million debt restructuring for its 11 MW Aries and 11 MW Konkoonsies Solar plants in South Africa, led by Standard Bank Limited.
EDF and KOWEPO secure funding for 500 MW Oman solar project
EDF Renewables and KOWEPO secure financing for Oman’s 500 MW solar plant, Manah 1. A 20-year PPA with Oman Power and Water Procurement Company is signed, targeting commercial operation in Q1 2025. The project supports Oman’s Net-Zero goals, aiming for 35-39% renewable generation by 2040. Global financial institutions and a French-Korean partnership facilitate project financing…
First Solar pioneers $700M tax credit transfer with Fiserv
First Solar, Inc. engages in two Tax Credit Transfer Agreements, selling around $700 million of 2023 Inflation Reduction Act tax credits to Fiserv, Inc. at $0.96 per $1. Citigroup Global Markets, Inc. acts as the first-of-its-kind credit transfer placement agent. The agreements follow the US Department of Treasury’s proposed rulemaking on Section 45X credits, impacting…