Investment in clean energy in the third quarter of 2013 was down 20% year-on-year, marking a “worrying” loss of momentum in the sector, according Bloomberg New Energy Finance.
The International Finance Corporation (IFC), an arm of the World Bank, is planning to launch a new financing facility to pump-prime small-scale PV development in emerging markets, PV Tech has learned.
Shunfeng Photovoltaics International, the company revealed yesterday as a bidder for struggling Wuxi Suntech, has secured a HK$980,000,000 (US$126,000,000) loan to expand its PV project development business.
Mercom Capital has published its Q3 2013 Solar Funding and M&A Report, in which the clean energy communications and consultancy firm claims that total corporate funding, global venture capital funding and solar mergers and acquisitions activities all showed increases from the previous quarter.
Self-consumption and other new business models for PV “can reduce and ultimately suppress the reliance on dedicated financial support”, according to Marie Latour, senior national policy advisor at the European Photovoltaic Industry Association.
System manufacturer and developer, Conergy, has received offers for its production subsidiaries, Mounting Systems and Conergy SolarModule, as insolvency negotiations continue.
The Asian Development Bank is to provide US$500 million for the construction of a power transmission system to link solar and wind plants in Rajasthan, India, to local and national grids.
