The West African island nation of Cape Verde will receive €55 million (US$75.5 million) of financing between 2014 and 2020 from the European Commission, to assist the development of renewable energy.
A US$600 million, 300MW PV plant in Chile took another step toward construction last week when authorities gave approval to the Environmental Impact Declaration (EID) for the project.
The Indian government has revealed the financial bid results for its auction for 750MW of solar energy, with US firm First Solar looking likely to miss out, according to analysts.
Market research firm, IHS, has reiterated its forecast that PV capital spending would increase by 42% from the lows of 2013 and reach US$3.37 billion in 2014.
Following its exit from PV module manufacturing in 2012, industrial technology firm SCHOTT is seeking a partner to take a majority shareholding in its Concentrated Solar Power (CPS) division.
On a three day visit to China, Pakistan president Manmoon Hussain and minister for Punjab, Shahbaz Sharif met with financial and development companies and banks in Beijing, and signed MoUs for continued investment in solar projects in Pakistan.
Companies responsible for 748 Japanese solar power projects that have gained approval to receive the feed-in tariff (FiT) but have not yet been built have been handed a temporary reprieve.
