Jordan Stutts
.jpg "Tesla acquires SolarCity for $2.6bn")
Elon Musk’s Tesla Motors has bought one of the largest US solar providers to combine it with its energy storage and battery-powered car business.
The 336MW wind farm had trouble finding financial sponsors a year ago but is now funded by a consortium including Macquarie, Siemens and GIB.
Jean-Marc Janailhac will serve as a senior advisor to the Australian firm’s head of infrastructure, utilities and renewables.
The UK Green Bank's loan is part of a £300m financing package to build a 43MW facility in Kent.
Alliant Energy is the latest US power company to give greater attention to its renewables portfolio as clean energy becomes more competitive with fossil fuels.
The market has eclipsed the total amount invested in the sector last year by collecting enough money to finance 3.7GW of new capacity in the first half of 2016.
Weather risk insurance is one type of product the firm intends to roll out as Geoff Miller takes the helm in New York.
The project is the second insured under Allianz' revenue swap product, which aims to protect renewables investors against intermittency.
The Canadian pension is already one of the largest equity investors in the North American wind sector.
Having bought 12% of TerraForm Power’s class A shares, the Canadian asset manager announced last week its intent to acquire SunEdison’s largest yieldco.