Financial & Legal

May 10, 2017
St. Louis, Missouri-based global energy provider Esco has acquired the renewable energy arm of NRG Systems, located in Vermont, under undisclosed terms.
May 10, 2017
India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.
May 9, 2017
Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.
May 9, 2017
Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.
May 9, 2017
PV and electronics equipment manufacturing and automation specialist Manz AG has received €50 million from Chinese JV partners Shanghai Electric Group and Shenhua Group for turnkey CIGS thin-film production lines with a further €79 million also expected in May to start work on its largest ever equipment order.
May 8, 2017
The Ministry of Industry and Trade of Vietnam (MOIT) has released a draft circular containing guidelines on how to develop solar PV in the country, but has failed to address a range of issues that could impact large-scale project bankability, according to analysis from multinational law firm Baker McKenzie.
May 5, 2017
In a 33-0 vote, the Florida legislature has passed SB 90 – the bill that would implement Amendment 4 and make solar and renewable energy equipment on commercial buildings exempt from property taxes for 20 years, beginning in 2018.
May 5, 2017
The SEIA has filed testimony with the California Public Utilities Commission for SCE's grid modernisation proposal, arguing that it is 'premature, excessive' and undervalues solar and other DERs.
May 5, 2017
Major US power firm and utility Dominion plans to acquire a 79MW solar PV project that is currently under construction in Anson County, North Carolina, from solar company Cypress Creek Renewables.
May 5, 2017
Utility-scale solar projects totalling 750MW could receive support from the European Bank for Reconstruction and Development.

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