Indian rooftop PV specialist CleanMax Solar has secured equity financing of up to US$100 million from an affiliate of global private equity firm Warburg Pincus, in order to continue growth in the rooftop and open access solar power markets in India, as well as the Middle East and Southeast Asia.
SolarWorld Americas the subsidiary of bankrupt integrated PV module manufacturer SolarWorld AG said it would receive a US$6 million cash infusion from its parent company’s financial lenders to continue reduced operations after recent workforce reductions and support its co-petition with bankrupt US rival Suniva in the ITC ‘Section 201’ case.
Spanish solar tracker provider STI Norland announced this week that it will provide and install 202 of its STI H1250 trackers at a large-scale PV installation in Brazil.
Suzhou GCL Operation announced Tuesday that it has entered into an operation service agreement with Suzhou GCL-Poly for a term of three years — starting from 10 July 2017.
At least two global technology leaders could set up Gigafactories to manufacture lithium-ion cells in India in the next couple of years, according to the head of the India Energy Storage Alliance (IESA).
Vietnam-based infrastructure investment firm Bamboo Capital (BCG) has signed a cooperation agreement with China-based firm Unisun Energy Group and German company Coara Solar to work on a 40MW solar project in Thanh Hoa district, Long An Province, Vietnam.
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has revealed the awards of its 1.5GW solar auction, with some surprises given the original bid results and capacities.
Taiwan-based cell and module producer Neo Solar Power (NSP) has sold the former solar cell and module assembly plant of DelSolar to specialist semiconductor manufacturer Maxchip Electronics for around NT$1,252 million (US$41.1 million).
The largest solar park in the world at Kurnool in the Indian state of Andhra Pradesh, is due to be fully grid-synchronized tomorrow, making it the first ever solar park to reach 1GW.
