US Solar Fund increases equity raise to US$132m
New Energy Solar's US Solar Fund has raised US$132 million from new and existing investors, exceeding its original US$105 million fundraising target. Taking into account the company’s proposed use of proceeds, it decided to increase the target size.
The latest event marks the first US Solar Fund fundraising since its initial public offering two years ago, which raised US$200 million.
The raised capital will be used for refinancing, debt repayment, working capital purposes, and investment opportunities.
Country updates
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May 07, 2021
Queensland approves Acciona's 1,026 MW MacIntyre Wind Farm Precinct in Cement Mills
Acciona has received approval to build the AUD$1.96 billion (US$1.5 billion) MacIntyre Wind Farm Precinct at Cement Mills, southwest of Queensland, with construction expected to start in the second ha...
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May 04, 2021
Genex Power launches construction of 250 MW Kidston pumped storage hydro project (K2-Hydro) in Queensland
Genex Power Limited has issued Notice to Proceed under two key construction contracts to commence the construction of the 250 MW Kidston Pumped Storage Hydro Project (K2-Hydro). The EPC scope includes...
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May 03, 2021
Photon, Canadian Solar swap project rights in 580 MWp of Aussie solar projects
Photon Energy has exchanged project rights with its development partner Canadian Solar. As a result, Photon Energy will continue developing the 160 MWp Maryvale Solar Farm independently, while further...
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April 29, 2021
AGL and Idemitsu prepare for the next stage of feasibility on 250 MW Bells Mountain pumped hydropower project
AGL and Idemitsu Australia Resources (IAR) start the preliminary phase of the feasibility study for the proposed 250 MW Bells Mountain pumped hydro project at Muswellbrook in New South Wales. T...
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April 27, 2021
Australis Energy plans 300 MW offshore wind project in Western Australia
Australis Energy Ltd seeks development approval from the state regulators for the planned 300 MW offshore wind farm in Western Australia. WA Offshore Windfarm Pty Ltd, a special purpose vehicle...
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