Financial & Legal

Polysilicon producer REC Silicon ASA benefited from higher sales volumes and ASP increases to report a 23% increase in revenue in the third quarter of 2017.

UK-based developer Lightsource Renewable Energy has now also reached financial close on a 60MW project in the state of Maharashtra.

The International Finance Corporation (IFC) has finalised a US$653 million debt package for 13 solar projects at the Benban Solar Park, near Aswan in Egypt.

WElink Energy has started construction of a 221MW solar PV plant in Portugal that will not benefit from subsidies.

Scatec Solar and its partners have reached financial close for six PV projects in Egypt with a combined generation capacity of 400MW.

India’s Ministry of New and Renewable Energy (MNRE) is finalising laws that will include penalties for state governments and distribution companies (Discoms) that do not honour power purchase agreements (PPAs), according to power minister R.K. Singh.

Single-axis solar tracker firm Soltec, headquartered in Spain said it expects to double its turnover and supply more than 1.1GW of trackers in 2017.

Thin-film manufacturer First Solar reported record Q3 bookings of 4.5GW taking the company’s order book to 7.4GW for shipments out to 2020.

The bank noted that more than five million people could be reached through solar PV.

RES Australia has reached financial close on the 68MW Emerald Solar Park in Queensland, Australia, with the company adding that construction of the PV plant will commence immediately.