Indian private sector bank Yes Bank has raised INR3.19 billion (US$49.4 million) from the issue of Green Infrastructure Bonds to International Finance Corporation (IFC) Washington to fund renewable energy projects including solar and wind power.
After a slow start to its year of recovery and return to profitability, international PV integrator Phoenix Solar reported second quarter revenue 300% above the prior-year period, driven by its EPC business in the booming US market.
London-based asset management group Foresight Solar Fund has said the UK “remains an attractive market” despite recent policy changes and confirmed it will pursue a 300MW pipeline in the second half of this year.
Enphase Energy (Enphase) CEO Paul Nahi said the company has enjoyed “strong demand” for its solar energy systems in the US, Australia and Europe, resulting in record shipments of 195MW for the second quarter of this year.
India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.
First Solar has guided 2015 PV module shipments almost double those of 2014. The CdTe thin-film leader expects shipments to be in the range of 2.8GW to 2.9GW.
Major tier-one PV manufacturer JinkoSolar said it had secured more than US$62 million in a loan agreement with The Export-Import Bank of China (TEIBC) to support long-term fixed assets and mid-term working capital for its recently started Malaysia facility. The company said it had already drawn down the US$62 million loan.
