UN-, Netherlands-backed fund will invest US$850m in 1.7GW clean energy pipeline in African, Asian states, with solar meant to account for 40% of portfolio.
Russia-based integrated PV manufacturer Hevel Group has completed its second phase of heterojunction (HJ) cell and module production expansions, taking nameplate capacity to 260MW.
Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.
Installers initially balked at applying innovation to 2.5MW Norwegian PV rooftop but came around after learning costs would drop by 10-15%, firm tells PV Tech.
