State-owned firm the Indian Renewable Energy Development Agency (IREDA) is to issue INR17.2 billion (US$257 million) in tax-free bonds from today for the financing of renewable energy projects in the financial year 2015/16.
The Solar Energy Corporation of India (SECI) has signed an MoU with the Delhi Metro Rail Corporation (DMRC) to work together on developing an initial 500MW capacity of off-site solar projects over three years.
Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
Major renewable energy provider SunEdison has secured new term loans to reduce debts but carry an interest rate of LIBOR + 10.0% per annum through mid-2018.
Taiwan-based merchant solar cell producer Motech Industries has reported December, 2015 sales reaching a new record high, the fourth consecutive month of record sales.
US residential installer Sunrun said it would exit the PV market in Nevada with the loss of hundreds of jobs due to the recent negative changes by the Public Utilities Commission (PUC) in Nevada to net metering and charges on people operating solar systems.
Delhi-based private distribution company (Discom) BSES, which is backed by Indian conglomerate Reliance Infra, plans to procure 700MW of clean energy including solar power using a reverse auction process.
Silicon Module Super League (SMSL) member Yingli Green Energy has restored its listing compliance with NYSE requirements, as expected after a reverse stock split.
