Recurrent Energy has closed on a combined construction loan and construction letter of credit facility for the 20MW Gaskell West 1 solar power project in California.
According to GTM Research Tesla/SolarCity's leadership in the US rooftop market comes into question after rival Sunrun was expected to become the top third party financing (TPO) provider by late 2017.
US-based solar module technology firm Solaria Corporation, which filed suit against GCL Solar Energy, Inc., a subsidiary of GCL-Poly Energy Holdings as well as Seraphim Solar System Co. Ltd due to claims of IP theft and breaches of Non-Disclosure Agreements has settled the litigation with GCL-Poly.
The Ministry of Power in the Indian state of Kerala has directed the state utility to provide training on grid-connected solar rooftop systems to its field-level employees, in what has been claimed to be a first in India. Meanwhile, a 200MW solar park has also been downgraded to 50MW.
Many developers with solar assets in India are looking to sell their portfolios. Some of them have been in the market for a long time and are under pressure from their investors to find an exit, according to the head of consultancy firm Bridge to India.
International renewable energy company DP Energy has appointed both Vestas and Downer to develop the first stage of its Port Augusta Renewable Energy Park, which will be Australia’s largest hybrid renewable power station upon completion.
US-based PV installer RGS Energy (RGSE) has increased its cash burn and pushed-out its expected return to break-even revenue from the first to the second quarter of 2018, as it spends on expanding its sales force and builds PV module inventory ahead of the final determination on the US ITC Section 201 trade case.
PV consultancy the Photovoltaik-Institut Berlin (PI Berlin) has formed a subsidiary based in Delhi, India, due to a high demand for laboratory testing and quality assurance in solar projects and equipment.
