Fund manager African Infrastructure Investment Managers (AIIM) has acquired majority stakes in nine new solar and wind power plants in South Africa, totaling 800MW.
Thai firm B.Grimm Power Plc, through subsidiary B.Grimm Renewable Power 2 Limited, has purchased an 80% stake in a 257MW solar project in Vietnam from Truong Thanh Viet Nam Group (TTVN).
Trina Solar (Vietnam) Science & Technology, part of China-based Silicon Module Super League (SMSL) member Trina Solar, has secured a US$30 million credit facility with one of Vietnam's four largest commercial banks, VietinBank.
BIM Group and AC Energy, the energy arm of Ayala Corporation, have signed EPC and financing documents that will increase a 30MW solar farm in Ninh Thuan province, Vietnam, to 280MW in capacity.
Leading PV manufacturing equipment supplier Meyer Burger reported first half year financial results, highlighting strong sales and a return to profitability but weak order intake, due to Chinese government solar policy changes and market uncertainties influenced by USA-China trade conflict.
The European Bank for Reconstruction and Development (EBRD) is providing a €31 million loan for a 30MW solar project in the Kyzylorda region of Southern Kazakhstan, sponsored by Total EREN and Access Infra Central Asia.
India’s Ministry of Finance has temporarily deferred its imposition of a 25% safeguard duty on solar cell and module imports in compliance with a stay issued by the High Court of Orissa.
