Brazilian public bank Banco do Nordeste (Northeast Bank) has created a credit line to allow companies to install solar Pv and other renewable sources of energy in the mini (75kW-5MW) and micro-generation (>100KW) segment.
Residential PV services provider OneRoof Energy, a subsidiary of OneRoof Energy Group, has signed a US$50 million construction loan facility with Black Coral Capital, a current investor in the company. In addition, Black Coral has funded US$9.05 million of working capital in secured non-convertible notes to support solar 2.0 national growth strategy.
Leading ‘Silicon Module Super league’ (SMSL) member Trina Solar has said its well respected chief financial officer, Ms. Teresa Tan has resigned to ‘pursue other personal interests.’
Global shipments of PV inverters will reach 90GW by 2020, valuing at more than US$7.1 billion, according to GTM Research’s latest report, 'The Global PV Inverter and MLPE Landscape 2016'. This represents an average annual growth rate of 11% between 2016 and the end of the decade.
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has published proposed revisions to its feed-in tariffs (FiTs) for solar energy projects of between 1-100MW capacity.
Private infrastructure investment in solar energy during 2015 grew to US$9.4 billion, 72% higher than the average of the previous five years, according to new World Bank figures.
Technically bankrupt integrated PV module manufacturer Yingli Green maybe finally undergoing some form of business and financial restructuring, according to some vague references made by management in its most recent earnings call that attracted only two financial analysts.
The World Bank will finance various energy, water and infrastructure projects in northern Kenya under its US$1.1 billion North-eastern Kenya Development Initiative, according to reports.
French energy giant Total is making good on its promise to become one of the top players in renewable power within 20 years by continuing its foray into the clean energy sector by acquiring Lampiris, Belgium’s third-largest natural gas and renewable power vendor for the residential sector.
Struggling integrated PV module manufacturer Yingli Green Energy met module shipment guidance and reported a small positive net income in the first quarter of 2016, the first time since the third quarter of 2011, supported by a significant reduction in operating expenses.
