India-based PV developer Welspun Renewables has received a new round of funding totalling US$617 million to develop wind and solar PV power plants in India.
Major renewable energy firm, SunEdison, has terminated its previously announced acquisition of Latin America Power (LAP), which was to include a 613MW portfolio of solar, wind and hydro projects in Chile.
The viability of PV projects coming out of the three latest state solar auctions in India is “quite low”, according to an initial examination from consultancy firm Bridge to India, but industry opinions differ over the quality of project returns.
The joint First Solar/SunPower yieldco, 8point3 Energy Partners, has reported solid results from its first full quarter of operation, despite the recent stock market turmoil affecting other yieldcos.
Embattled PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) continues to have its stocks suspended from trading on the Hong Kong exchange since they collapsed in May 2015.
Struggling PV module manufacturer China Sunergy (CSUN) has reported a first quarter 2015 net loss of US$12.2 million as revenue fell 27.8% and shipments declined 37.2% from the prior quarter.
Canadian solar developer SkyPower is to double its investment in Kenya’s solar infrastructure to US$4.4 billion after meeting with Kenya’s president Uhuru Kenyatta at a Business Council for International Understanding last week.
Indian industrial firm Adani Group and China’s largest independent polysilicon to power plants group, GCL have signed an agreement to develop both upstream and downstream PV operations in India as well as collaborating on a range of energy projects such as wind and LNG terminals.
