Pension fund, The California Public Employees' Retirement System (CalPERS), has agreed to purchase a 25% stake in Desert Sunlight Investment Holdings, the owner of two major solar PV projects with a combined capacity of 550MW near Palm Springs, California.
Tokyo-based egg producer ISE Group, French energy company Total and SunPower Corporation, have started construction of a 27MW solar PV plant at Nanao, Ishikawa Prefecture, on Honshu Island in Japan.
A key theme of the Berlin Energy Transition Dialogue conference last week was how Germany’s Energiewende (‘energy transition’) has not only proven how to foster an explosion of renewable generation capacity through support schemes, but also how to integrate those renewables. Grid operators from Germany and Denmark discussed questions of feasibility, past, present and future.
Integrated PV manufacturer REC Solar is to invest a total of $200 million Singapore dollars (US$182.3 million) in expanding and upgrading production at its facilities in Singapore. The company also plans to invest a further US$50 million in R&D activities at the Solar Energy Research Institute of Singapore (SERIS), with emphasis on a type of PV module.
China-based PV energy provider (PVEP) United Photovoltaics Group has received back its US$64.4 million deposit originally given to Hareon Solar to start build 930MW of PV power plants, which were never actually built.
Australia is redirecting AU$1 billion from the Clean Energy Finance Corporation’s (CEFC) AU$10 billion (US$760 million) allocation into a new Clean Energy Innovation Fund (CEIF), Australian prime minister Malcolm Turnbull has announced.
US residential and commercial PV provider SolarCity has raised US$131 million through a new tax equity fund in order to finance residential, commercial and military solar projects.
The Alliance for Solar Choice (TASC) filed a lawsuit against the Nevada Public Utilities Commission (PUC) on Friday in an effort to overturn the group’s decision to amend net metering rates and boost charges for consumers within the state, the Las Vegas Sun reports.
