Financial & Legal

Solar Energy Corporation of India (SECI) has issued an expression of interest (EOI) for the setting up of 20GW of vertically-integrated solar PV manufacturing capacity in India over the next three years, in an unclear and poorly worded release.

Australia’s Clean Energy Finance Corporation (CEFC) has reached 1GW of solar capacity investments across 20 large-scale projects since 2013 with a total investment of AU$898 million (US$689 million).

Aiming to make its local solar manufacturers competitive on the global stage, the Indian government has proposed direct financial support of INR110 billion (US$1.7 billion) and a 12GW allocation of public sector tenders mandated to include locally sourced PV equipment.

Vortex has sold a 45% stake in its former SunEdison-built solar portfolio in the UK to Malaysia’s second-largest pension fund Kumpulan Wang Persaraan (KWAP).

The solar investment tax credit (ITC) has survived a major round of tax reform in the US but demand for credits generally could fall.

The case put forward for why local manufacturers need to become a critical part of India's 100GW by 2022 solar target.

BP has said the promising “fundamentals” behind the current global solar market triggered it to re-enter and the petrol giant now has ambitious plans for worldwide growth.

BP is to acquire a 43% stake in prolific UK-based solar developer Lightsource in what stands to be a significant new solar partnership.

German investment company Aquila Capital has acquired four PV projects in central and southern Portugal that will boast a combined generation capacity of 170MW.

An oral hearing for India’s anti-dumping investigation was held on Tuesday, giving a chance for domestic and foreign manufacturers as well as module importers to air their cases.