WEG has bagged an EPC contract to build two solar PV projects of 31.12MW capacity each, being developed by Nordic Power Partners (NPP) at Coremas, Paraiba, in northeast Brazil.
Finnish firm Fortum has commissioned a 70MW solar PV plant in the Indian state of Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh (US$0.067).
International PV developer and investor Sonnedix has acquired a 136MW solar portfolio from Centerbridge Partners, in what is claimed to be one of the largest PV transactions in Europe.
French power giant Engie Group is partnering with three firms to develop various solar-related projects in Indonesia requiring US$1.25 billion investment.
German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
Spain has approved the first of four norms necessary to carry out a major renewable energy tender, but the size of capacity available remains in doubt.
India’s Union Cabinet has approved the signing of a memorandum of understanding (MoU) between Indian and US bodies to cooperate on integrating utility-scale renewable energy into the grid.
The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
