The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
Cecilia Keating concludes PV Tech’s end-of-year review, with a look back at Q4 2019's highlights, where bifacial modules narrowly missed being added to President Trump's broader suite of solar tariffs, free-market solar swept Europe, the world's climate priorities were put under the microscope at COP25, and sub-Saharan Africa wrestled with major energy crises.
UK renewables developer GRIDSERVE has completed a “game changing” hybrid solar-plus-storage farm in York, UK, claiming it to be the first in the UK to boast single-axis trackers and bifacial panels.
US Congress and the White House have failed to agree an extension to the US solar Investment Tax Credit (ITC), paving the way for the credit to be cut from next month.
The completed project for Jentec Storage is the latest in a flurry of C&I activity by Total's solar distributed generation arm in the region, including a contract to supply rooftop PV to an airport that will cater to Indonesia's future capital Borneo.
Investor Eland Private Equity and Chinese manufacturer and EPC Shanghai Electric have set sights on Europe’s thriving PV market, forming a new joint-venture which they claim will plough some €500 million into new assets.
The funding will support technical feasibility, environmental and social impact studies and financial advisory for a 9MW solar-hydro plant duo being developed by Songa Energy and private investment firm Virunga Power.
A partnership comprised of EDP Renewables and ConnectGen has signed off on a deal with First Solar to acquire three PV projects with a combined installed generation capacity of 278MW.
