The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.
Recently bankrupt Sungevity has sold assets to Solar Spectrum, a newly-established solar firm backed by Minnesota-based private equity firm Northern Pacific Group.
Struggling China-based PV manufacturer Yingli Green Energy, which recently reported an annual loss of US$293.6 million and total debts of US$2.2 billion has received new demands from bondholders over looming payments and partial previous defaults.
News in Brief: SCE tops the SEPA rankings for the top solar capacity of utilities for the second year in a row, PG&E issues an RfP for renewable energy projects ranging from 0.5MW to 20MW, Canada's Solar Alliance acquires the entire LA residential solar pipeline of an undisclosed US company, and Rhode Island's Gina Raimondo has announced a 40% increase in the state's clean energy jobs.
India will add 9,812MW of solar PV this year, according to the latest quarterly market update from Mercom Capital Group, which is significantly up from the 9,020MW that the consultancy previously forecast in January this year.
Pacifico Energy has started construction on what will be the largest solar PV project in Japan, standing at 257.7MW on land that was previously destined to become a golf course.
