Investment in clean energy in the third quarter of 2013 was down 20% year-on-year, marking a “worrying” loss of momentum in the sector, according Bloomberg New Energy Finance.
The International Finance Corporation (IFC), an arm of the World Bank, is planning to launch a new financing facility to pump-prime small-scale PV development in emerging markets, PV Tech has learned.
The performance of a number of large PV installations in the US dipped over the summer following a series of weather anomalies, prompting calls for greater awareness of climatic risk in project financing.
Shunfeng Photovoltaics International, the company revealed yesterday as a bidder for struggling Wuxi Suntech, has secured a HK$980,000,000 (US$126,000,000) loan to expand its PV project development business.
Punitive measures against PV users and growing competition from abroad are “dismantling” Spain’s solar industry, according the country’s PV industry body.
The Asian Development Bank is to provide US$500 million for the construction of a power transmission system to link solar and wind plants in Rajasthan, India, to local and national grids.
Nine of Europe’s biggest energy companies have called for reforms to Europe’s energy system that would see subsidies for established renewable forms such as solar scaled back.
