The Indian solar industry expressed shock recently when it emerged that multiple Chinese PV manufacturers had been reneging on supply contracts to India, but it seems this strategy may have been a comeuppance for historic behaviour on the part of some Indian developers.
Independent solar power producer Scatec Solar ASA has teamed with Norway’s multinational oil and gas company, Statoil ASA to support the funding of a 162MW solar power plant project in Brazil.
Yesterday’s record-breaking bid opening in Saudi Arabia for 300MW of solar has grabbed headlines, including on PV Tech, but while the exact parameters of the RfP remain covert, the bid levels have sparked debate about whether such low prices can be possible without some kind of escalating tariff mechanism or other distortion.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
Just after UK-based Foresight Solar Fund bought a 48.5% stake in the Bannerton solar plant in Victoria, the Clean Energy Finance Corporation (CEFC) has announced AU$98 million in debt finance for the project.
Sonnedix has acquired a controlling interest in Cox Energy Chile, a subsidiary of Spanish firm Cox Energy, and the two firms will partner on building and operating renewable energy projects in Chile.
China-based PV manufacturer and downstream project developer ReneSola has officially completed the divestment of its integrated solar manufacturing operations to its chairman and CEO to focus exclusively on downstream business development.
The Indian Renewable Energy Development Agency (IREDA), a state-run financier, has launched its first Green (Masala) Bond on the London Stock Exchange (LSE), raising US$300 million (INR19.5 billion) in the process.
