Financial & Legal

Tesla’s energy generation and storage business revenue declined further in the first quarter of 2019, with solar rooftop deployments hitting a new low of 47MW, a 36% quarter-on-quarter decline. In response, Tesla will be offering new customers in the US a US$99 upfront deposit before installing a solar system.

Proventus providing €80 million credit facility to Better Energy, ADFD approves US$10M for rural electrification project in Burkina Faso, SolarHome raises US$ 1 million from Trirec.

Carolinas' utility to sell assets for US$1.25 billion to reduce future debt issuance needs for renewables.

ADB offers US$100m for renewables in Pacific Islands, PetroSolar connects 20MW Filipino plant to Luzon grid, University of Queensland starts building 64MW solar farm, Technique Solaire bags financing for 47MW France portfolio.

Two financing institutions recognise the need for solar proliferation in remote, rural parts of the Sahel and West Africa.

UKCI invests in India's CleanMax Solar, Solek starts building 16MW of solar in Chile, Tata Power exemplifies Indian energy transition - IEEFA.

Industry continues last year’s trend as it reaps all awards at oversubscribed 210MW tender, with 18 bids contracted at an average €0.0566/kWh price.

According to China’s National Renewable Energy Center (NREC), PV installations in the first quarter of 2019, declined by 46%, year-on-year to only 5.2GW.

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology is planning to invest around US$875.7 million in expanding its Czochralski-based monocrystalline silicon (mono-Si) ingot and wafer capacity by 15GW, while expanding mono-Si solar cell capacity by an initial 3GW in 2020.

IPP hits 244MW capacity mark in European country after acquiring five solar car parks from Glennmont, an infra investor fast divesting PV assets.