Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
Independent power producer Coronal Energy has closed US$235 million in total financing, which includes tax equity and debt for its Gulf Coast Solar Center portfolio.
Major oil company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa.
Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.
The planned merger of Taiwan-based PV manufacturers Gintech Energy, Neo Solar Power (NSP) and Solartech Energy to be called United Renewable Energy Co (UREC) is to receive an investment from the Taiwan government, according to reports.
Several provincial authorities in Vietnam are developing guidelines for renewables that should improve the country’s solar market, but stubbornness from the monopoly utility EVN means that the largest-scale projects remain the preserve of big risk-takers, according to a representative of international law firm Baker McKenzie.
Australian university signs deal to become 100% renewable, IBC Solar installs 4MW rooftop project in Turkey, EBRD supports France’s Urbasolar in Kazakhstan
China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings has reported preliminary 2017 financial results, highlighting a record 57.3% increase in external product shipments.
