‘Forget [regulator] Aneel … the tax will be ZERO’, controversial president tells social media users as he acts to block grid fee for net-metered installations in latest PV-friendly move.
World Bank body will back competitive bidding process for lowland PV plant, hoped by its sponsors to be the first of series in land-scarce, overcrowded Asian country.
‘Solar Module Super League’ (SMSL) member, First Solar has agreed to settle a 2012 class action lawsuit to the tune of US$350 million. The settlement is subject to approval by the United States District Court for the District of Arizona.
ADB will support plans by Southeast Asian state to auction 350-400MW pipeline of two projects this year and next, in a bid to drive competition after a subsidy rush congested the grid.
LONGi Green Energy Technology Co, the largest monocrystalline wafer producer, has signed a new agreement to build a new 20GW wafer plant in Chuxiong, Yunnan province with further plans to expand capacity to 40GW in the future.
The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
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.
