Canadian-based PV project developer JCM Capital said it had secured an undisclosed tranche of funds as part of a US$50 million private placement offering for project financing requirements of three projects scheduled to reach financial close during 2016 and 2017.
Corporations and utilities are already interested in energy storage but must collaborate to advance deployment and lower costs, avoiding some of the past mistakes of the PV industry, according to the heads of one California-based industry group.
Spain’s Constitutional Court has published the full details of its judgement rejecting appeals against a decrease in feed-in tariffs for renewable energy sources, but the reasoning has been branded “short, superficial and alien to reality” by a legal representative.
A US-based investment hedge fund Appaloosa Management has filed court proceedings to prevent SunEdison’s US-centric yieldco, TerraForm Power, from taking on nearly US$1 billion in debt to acquire Vivint Solar assets from SunEdison, should the deal go through.
Brazil's almost negligible solar deployment record is forecast to take off this year and the first movements on building Enel Green Power's 254MW plant in Bahia are symbolic of this shift in Brazil's utility-scale sector.
India’s Ministry of New and Renewable Energy (MNRE) has put in a request with the Department of Revenue for renewable energy to be exempted from some effects of the Goods and Services Tax (GST) bill, should it be passed in parliament, MNRE joint secretary Tarun Kapoor has confirmed to PV Tech.
