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.
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.
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.
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.
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.
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.
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.
The Australian Renewable Energy Agency (ARENA) launched its new investment plan prioritising how to use US$800 million worth of funds in the next few years, with solar PV innovation one of the main new areas of focus.
Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.
