India’s Cabinet Committee on Economic Affairs has approved scaling up the budget for grid-connected rooftop solar in the country from INR6 billion (US$90 million) to INR50 billion up to 2019/20.
China-based PV energy provider (PVEP) United Photovoltaics Group and major shareholder, China Merchants New Energy Group have secured RMB10 billion (US$1.53 billion) in financing from CITIC Financial Leasing Co.
Quercus Assets Selection, an investment company focusing on renewable energy, and Swiss Life Asset Managers, have acquired Antin Solar Investments (ASI) along with its 77.1MW solar PV portfolio in Italy through a competitive bidding process.
India's ongoing state solar auctions have seen some record low prices bid for the capacity up for tender, but is it a sustainable trend? Tom Kenning reports.
Southern Power, a subsidiary of Southern Company, has acquired a 51% stake in the 200MW Garland PV project in California by signing an agreement with Canadian Solar subsidiary Recurrent Energy.
Samsung Renewable Energy, through its partnership with Connor, Clark and Lunn Infrastructure (CC&L Infrastructure), has closed on US$195 million of debt financing for a 50MW solar project in Windsor, Ontario.
Concrete action in the Indian solar sector this year has countered scepticism over the 266GW of clean energy pledges made earlier this year, according to a new report.
Bluewave, a Boston-based developer of solar projects, claimed that it has “secured US$100 million” for community solar from a subsidiary of multinational investment house Morgan Stanley.
