Brazil’s Votorantim Energia, managed by Votorantim SA, and the Canada Pension Plan Investment Board (CPPIB) agreed to form a 50-50 joint venture company that will invest in renewable energy across Brazil, Reuters reports.
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
Pakistani financier JS Bank has partnered with local solar firm Nizam Energy on a PV module financing solution directed at small and medium enterprises (SMEs).
India’s newly-formed Directorate General of Trade Remedies (DGTR) will hold a public hearing regarding the case on whether to impose Safeguard Duties on imports of solar cells and modules on 26 June in New Delhi.
The EBRD, IFC and Dutch Development Bank (FMO) have announced a partnership to finance improvements to Turkey’s electricity distribution network in the country’s Osmangazi region in western Anatolia.
Madison Gas and Electric (MGE) and WEC Energy Group (WEC), through its Wisconsin Public Service (WPS) subsidiary, have formed a partnership to develop two large-scale PV projects in Wisconsin.
Vistra Energy announced that the 180MW Upton 2 Solar Power Plant in West Texas has achieved commercial operation. The solar installation stands as Texas’ largest operating PV facility.
