Gigawatt Global, a multinational renewable energy company and partner of Obama’s Power Africa initiative, has broken ground on its 1GW solar programme with the 7.5MW solar project in Burundi.
In this week's Movers & Shakers segment, PV Tech focuses mainly on executive shifts in US solar companies involved in storage, trackers, residential loans and more. The African Development Bank is also revamping its management board, with a new head of Renewables.
Canada's SunCommon partners with Sustainable Energy Developments to provide residential, commercial and community solar in New York, Silicon Ranch closes a US$55 million equity fund, and new solar projects are completed in California and Arizona.
Spruce Finance announced Thursday that has raised tax equity and project debt transactions in order to support US$445 million in residential solar power purchase agreements and leases in 2017.
India’s first grid-scale solar-plus-storage tender from Solar Energy Corporation of India (SECI) has received very strong interest with a total of 13 developers submitting bids.
Global grid-connected solar PV additions reached 75GW in 2016, a 50% year-on-year growth from 50GW in 2015, according to the PV Market Alliance (PVMA).
Global energy management firm Schneider Electric has acquired US clean energy product provider Renewable Choice Energy in a deal announced on Wednesday.
Abu Dhabi-based renewables firm Masdar has selected the International Finance Corporation (IFC) to oversee funding of Jordan’s largest solar plant, standing at 200MW.
Washington-based environmental organisation the Sierra Club is taking Florida Power & Light to court over a US$811 million rate hike over the next four years that “bilks millions of customers and further locks the Sunshine State into an over reliance on financially risky, climate-disrupting gas,” the group said.
