Companies

Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has sold a 10% share in its planned 60,000MT polysilicon plant in Xinjiang, China for around US$22 million (RMB 150 million) to monocrystalline wafer producer Tianjin Zhonghuan Semiconductor Co.

Major PV inverter supplier Sungrow has achieved 1GW of solar inverter shipments to India, having entered the market in the early 2010's.

Piramal Finance, a subsidiary of Indian financier Piramal Enterprises, has sanctioned a INR7 billion (US$108 million) line of credit for Acme Solar.

India is reaching out to its renewables R&D contributors to create a roadmap, Dominion has purchased a solar power system in Virginia, TerraForm Power has an extension to regain compliance with its Nasdaq listing.

Sandeep Nath, CMO, Shri Shakti Alternative Energy Ltd, an India-based company that offers specialized Solar O&M Solutions and diagnostic services, discusses how to approach acquiring plants from an O&M perspective.

Swedish state-owned power company Vattenfall has established a new business unit dedicated to solar-plus-storage.

Enel Green Power’s a-Si thin-film module manufacturing subsidiary, 3SUN is hoping to obtain a €14.1 million grant from Italy’s national agency for attracting investment and enterprise development, Invitalia to support the purchase of heterojunction (HJ) solar cell tools to switch production to the higher efficiency silicon technology.

Shell Energy North America (SENA) has agreed to buy power services company MP2 Energy.

GE Energy Financial Services (GE EFS), the energy investing unit of General Electric, has raised what it claims to be the largest solar energy fund in Japan to invest in Japanese solar power projects.

Vietnam-based infrastructure investment firm BCG Băng Dương and Korea’s Hanwha Group have partnered to develop and build a 100MW solar PV project in Thanh Hoa district, Long An, Vietnam.