Companies

A new strategic plan putting the New York Power Authority (NYPA) on the path to 100% carbon-free electricity by 2035 - five years earlier than the target set out in the US state’s policy goals - has been approved by the state public power organisation’s Board of Trustees.

Meyer Burger Technology has agreed a settlement with Swiss headquartered PV manufacturer, EcoSolifer over a 2015 on heterojunction (HJ) solar cell line contract that will result in a CHF 1.97 million (US$2.22 million) loss for Mayer Burger.

Solar EPC and O&M provider Greencells has successfully placed the first tranche of a secured green bond, raising €15 million (US$17.9 million) to finance a growth push.

Online retail giant launches solar and wind projects in France, South Africa, Italy and Germany for the first time, bringing its total renewable capacity to 6.5GW.

Norwegian energy firms Equinor and Scatec are to collaborate on a 480MW solar project in Brazil.

A round-up of the latest news from the US solar market, including developments from Clearway Energy, Nugen Capital and Mosaic

Renewables developer BayWa r.e. has received a major capital injection of €530 million (US$642.3 million) through the sale of a 49% stake in the outfit to Energy Infrastructure Partners (EIP).

US Gold mining group Newmont is to invest US$500 million over the next five years to reach carbon neutrality by 2050.

Engie North America has partnered with renewables investor Hannon Armstrong to secure US$172 million in funding for a portfolio of distributed solar and solar-plus-storage projects in the US.

Longgen Zhang, the chief executive of polysilicon provider Daqo New Energy, has resigned from the board of directors of leading solar module manufacturer JinkoSolar.