India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from Overseas Private Investment Corporation (OPIC), the US government's development finance institution, to help construct 400MW of solar PV projects in India.
Former major PV equipment provider, GT Advanced Technologies (GTAT) has successfully emerged from chapter 11 bankruptcy in the District of New Hampshire, US after seeking protection in October, 2014.
SolarWorld has attributed a “low” probability to a negative outcome in its ongoing lawsuit with Hemlock Semiconductor in its 2015 annual report. Its release comes one day after Hemlock filed for summary judgement in the case.
The second annual German government-backed event promoting discussion and exchanges of views on Energiewende ('energy transition'), the nationwide policy which has catapulted the country into a leading position on renewable energies including PV, begins today.
This year looks likely to set a record for distributed solar securitisation deals as a growing number of developers look to tap the asset-backed securities market.
Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.
The Bolivian government's Chamber of Deputies has approved a €60 million (US$66.7 million) loan agreement from the French Development Agency (AFD) to help finance a 50MW solar PV plant in the department of Oruro.
