Finnish finance company FinnFund has provided US$15 million in financing to fund the construction of 10 PV projects in El Salvador, which will have a combined generation capacity of 100MW.
UPDATED: Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested US$17 million in a fund that provides loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector in sub-Saharan Africa and South Asia.
India’s 100GW solar target is under threat from remedial action against imports of solar modules, unless a range of recommended solutions are considered, according to a letter from the Indian Solar Association to the Finance Ministry.
China-based independent PV power producer GCL New Energy Holdings (GCLNE) has reported preliminary full-year 2017 PV power plant operating results, which included cumulative installed capacity reaching a new record of 6GW.
The long and painful saga of SunEdison’s fall from grace would seem to be at an end after the renewables firm officially emerged from Chapter 11 bankruptcy on December 29, 2017.
Specialist PV manufacturing equipment supplier Singulus Technologies said that its major CIGS (Copper-Indium-Gallium-Diselenide) thin-film module customer in China, China National Building Materials (CNBM) had secured a minority interest in the company.
Taiwan-based merchant PV manufacturer and downstream project developer Neo Solar Power Corporation (NSP) said a Joint Venture business unit had secured syndicated loans valued at NT$5 billion (US169 million) to build PV power plants totalling 100MW in Taiwan.
