Financial & Legal

Vibrant Energy said the project financing worth INR22 billion (US$267.9 million) provided by Indian non-banking financial entity Power Finance Corporation will be used for the wind-solar hybrid projects located in Madhya Pradesh and Karnataka.

US community solar developer Summit Ridge Energy has signed an agreement with solar PV manufacturer QCells to buy 1.2GW of solar modules. 

On April 6, TCL Zhonghuan announced its latest silicon wafer prices, which saw a general downwards trend despite module prices recovering.

Masdar has reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW.

UK-based energy group Octopus Energy has made its first steps in the Asian renewables market with an investment in Japanese solar developer Yotsuya Capital.

US solar and wind developer Duke Energy Renewables has received a US$90 million tax equity investment from financial holding company CapitalOne towards the 120MW Jackpot solar PV project in Idaho.

PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.

A developer is required to submit a bid with a minimum capacity of 50MW, while it can also bid for up to 2GW.

US distributed solar supplier Spruce Power has been issued a notice by the New York Stock Exchange (NYSE) informing the company that its stock price has fallen below the necessary benchmark for listing.

German-headquartered solar developer Enerparc has sold 193MW worth of its Australian solar PV assets to Ingka Group, the owner of furniture retailer IKEA.