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GE Vernova says ‘further acceleration’ at its clean energy business
Move allows the company to raise capital to finance and refinance renewable energy projects
Agreement with Norwegian sovereign wealth fund aims to unlock more than €2bn of renewables investment
The energy storage fund had 372MW of operational assets at Q3 ending 31 December 2023
Finance will fund renewables projects in Morocco, Poland and Vietnam
Package is secured by Aquila European Renewables’ 180MWp Spanish solar portfolio
Funding will support its US solar, storage portfolio
Proceeds will be used to support the solar developer’s ongoing expansion
The deal has an initial duration of five years with an option to extend for two more years
Deal could see as much as €700m added to Plenitude’s share capital