Sunseap Group has obtained project financing of €9.2m ($9.98m) for construction and development of a 10MW solarpower plant near Bavet, Cambodia.
Sunseap Group specialises in the development of grid-connected photovoltaic (PV) power plants.
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Asian Development Bank and Canadian Climate Fund are financing the plant, which is scheduled to be online in 2017.
The project is financed under ADB’s B-loan programme and a concessional loan from the CCF.
Canadian Solar has announced financial closure for its 92MW IS-42 solarpower project situated near Fayetteville, North Carolina.
A total of $97m financing for the project was provided by Prudential Capital Group, alongside additional tax equity investments from the US Bancorp Community Development Corporation.
Expected to start operations in 2017, the plant will power approximately 11,750 households. It also holds a long-term power purchase agreement (PPA) with Duke Energy Progress.
Canadian Solar engaged CohnReznick Capital Markets Securities as financial advisor for the transaction.
NTPC Limited has raised Rs20bn ($309.4m) in gross proceeds through a private placement of 7.25% bonds due April 2022.
The financial advisors for NTPC included Standard Chartered and Barclays.
Aquila Capital Concepts has announced acquisition of six hydropower plants in Norway from Bergenshalvoens kommunale kraftselskap.
The plants are capable of producing approximately 70GW of electricity a year.
Aquila Capital Concepts is involved in asset management, while Bergenshalvoens kommunale kraftselskap is a power generation and transmission company.
Funded by the investment vehicles managed by Aquila Capital Concepts, Smakraft will operate and manage the power plants.
Railway Energy Management Company has announced financial closure of its 50MW solarpower plant situated in Bhilai, India.
Power Finance Corporation and Rural Electrification Corporation provided Rs1.6bn ($24.68m) funding for construction and development of the plant, which is estimated to cost Rs2bn ($30.85m).
REMC is a joint venture of Indian Railways and RITES.
