Recurrent Energy, a subsidiary of Canadian Solar, has secured a US$50 million letter of credit facility from multinational financial services firm, Natixis.
Tunisia’s Ministry of Energy, Mines and Renewable Energies has awarded at least 60MW of solar PV projects in the second round of its 'authorisation regime'.
Hongbin Fang, technical director of LONGi Solar says mono-PERC technology, including bifacial, will form the backbone of the solar sector in the immediate future.
The New Development Bank (NDB) and South African utility Eskom have signed off on a loan agreement for renewable energy Integration and a transmission augmentation project. As part of the deal, the NDB will provide a loan with sovereign guarantee to Eskom for a total of US$180 million.
Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.
A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.
