Markets & Finance

India’s energy ministry has amended its invitation for state-owned corporations (CPSUs) to set up 1GW of solar PV plants across India, by bringing forward its funding timelines.

Leading Silicon Module Super League (SMSL) member Trina Solar has signed several strategic financing agreements with CITIC bank totalling over US$1.57 billion for a five-year period.

The largest polysilicon producer GCL-Poly Energy Holdings has secured approximately US$110 million from a new corporate bond from qualified investors in China.

PV module manufacturer ReneSola said it had accepted the resignation of its chief financial officer, Daniel Lee.

Trina Solar has restructured its management, with the China-headquartered PV module manufacturer’s president for Europe and Africa Ben Hill leaving the company amid speculation over his next role.

Norwegian developer Scatec Solar (SSO) has started engineering and procurement at two solar project sites in Egypt at Benban and Zafarana.

Polysilicon producer OCI Enterprises, A North American subsidiary of South Korea-based OCI Company has sold its 73% limited partner interest in OCI Resources along with 2% general partner interest and distribution rights to Turkey-based conglomerate Ciner Enterprises for around US$430 million.

A waste law bringing PV modules that are made or sold in Germany under mandatory producer responsibility rules came into force on 24 October.

France-based renewable energy company Tenergie has successfully refinanced its 54.4MW of solar assets for €150 million (US$166 million) with a bank syndicate led by Credit Agricole Group.

Tech giant Apple will build 200MW of solar in China and work with its supply chain partners in the country to develop a total of 2GW of clean energy capacity.