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.
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.
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.
PV Tech's Carrie Xiao talks to Shen Rong, vice president of GoodWe’s International Sales Center, for an exclusive interview on the company’s global market strategy and its latest developments. At the same time, he shared his thoughts on recent industry developments and manufacturing trends.
As 2019 draws to a close, PV Tech reflects on the year’s most impactful stories in the solar economy. Liam Stoker starts by looking back at the first three months of the year, when there was a major subsidy U-turn in China and the first of many manufacturing expansions.
The acquisition follows Shell's purchase of Aussie electricity retailer ERM Power in late November and is part of the oil major's drive to establish a "one-stop energy shop" down under.
