Indian private sector bank Yes Bank has raised INR3.19 billion (US$49.4 million) from the issue of Green Infrastructure Bonds to International Finance Corporation (IFC) Washington to fund renewable energy projects including solar and wind power.
Solar panel developer and manufacturer SunPower plans to spend around US$1.5 billion on 1GW of solar projects in Chile over five years, the company has confirmed.
India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.
Sungrow Power has entered into an agreement with Yu County Jinyang New Energy, a subsidiary of GCL New Energy, for Sungrow to provide EPC services for a 50MW PV project in Yo County, Yangquan City, Shanxi Province, China.
Deployment of 1-5MW solar systems in Brazil is forecast to more than triple in 2016, after new net-metering proposals, according to a leading analyst on the Latin America region.
TerraForm Global, a subsidiary of PV project developer SunEdison, has priced its initial public offering (IPO) of 45 million shares of its Class A common stock at US$15 per share, which represents US$675 million in gross proceeds.
The Brazilian Association of Photovoltaic Solar Energy (Absolar) has signed an agreement with the Brazilian Agency for Export and Investment Promotion (Apex-Brazil) to partner on attracting more foreign investment into the domestic solar industry.
There were 1.2GW of US residential solar installations last year, of which 72% was third-party owned (TPO) through leases and power purchase agreements (PPAs), according to a GTM research study.
Israel-based PV developer Arava Power Company and EDF Energies Nouvelles Israel, a subsidiary of renewables company EDF Energies Nouvelles, have commissioned the 40MW Ketura Solar plant in Israel.
