CIT Group, a commercial lending and leasing provider, has served as the sole lead arranger for a US$59.8 million loan facility to China’s GCL New Energy for its 84.5MW solar portfolio in North Carolina.
The Massachusetts Department of Energy Resources (DOER) has decided to put its new solar incentive programme – the Solar Massachusetts Renewable Energy Target (SMART) – on hold in favour of extending its Renewable Energy Credit programme (SREC) indefinitely.
Indian utility NTPC has retendered 250MW of PV at a solar park in Karnataka after infrastructural issues at the park dampened the interest of developers to participate.
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) had previously warned that it expected to report a loss in 2016 of around US$133 million (RMB 923 million) due to a catalogue of issues but revised analysis by the company put the figure significantly higher at around US$348 million.
Italian renewable energy firm TerniEnergia, part of Italeaf Group, has signed a contract to provide EPC services and supply modules and inverters for a 10MW solar PV plant in Tunisia on behalf of national utility Société Tunisienne de l'Electricité et du Gaz (STEG).
NTPC targets 32GW of renewable energy deployment by 2032, The European Investment Bank (EIB) has signed an MOU with Mexican development bank NAFIN over renewables in Mexico, TEDA has invited expressions of interest for a 500MW solar park in Tamil Nadu.
This week's Movers & Shakers focuses on big career moves in Germany, India and the US. SMA Americas plans a major push into the US market, the International Solar Alliance welcomes a new interim director and India's Hartek Group takes on BHEL's Jeet Chhatwal to develop innovative automated systems and procedures for day-to-day activities which further improve productivity and bring more efficiency.
Solar solutions provider Current, a subsidiary of GE, announced that it is developing more than 17MW in solar carport and ground-mounted projects across six states in the northeastern US.
Finnish energy solutions company Wärtsilä is set to supply a 15MW solar plant to Essakane Solar in Burkina Faso. The PV project will be developed next to the 55MW Wärtsilä power plant, which is currently running on oil.
