The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.
Azure Power Energy, a wholly owned subsidiary of Indian independent solar power producer Azure Power Global, will issue an inaugural US$500 million green bond offering, maturing in 2022.
India’s Ministry of New and Renewable Energy (MNRE) has released a document clarifying the rules for state government offtake of solar park capacity, while the World Bank plans to provide US$100 million for solar park infrastructure.
Leading thin-film PV manufacturer First Solar raised both shipments and revenue expectations for 2017 after reporting net sales of US$623 million in the second quarter of 2017, down from US$892 million in the previous quarter.
Bankrupt integrated PV module manufacturer SolarWorld AG is close to securing a new owner as a group of unidentified investors are to finance continued manufacturing operations at sites in Freiberg and Arnstadt in Germany by mid-August 2017.
Panoche Valley Solar LLC, a subsidiary of Consolidated Edison Development, will need to make some major adjustments to its 247MW PV project in California’s Panoche Valley.
Integrated renewable energy firm Cypress Creek Renewables has secured a US$450 million facility from a group of investors led by Singapore-based investment company Temasek.
