Markets & Finance

Pacific Energy Solutions, LLC (PES) has received a US$334 million contract from the Naval Facilities Engineering Command (NAVFAC) Pacific to develop, built, own and operate PV plants at military bases in Hawaii.

US-based solar installer Greenskies Renewable Energy has reached a US$82 million financing deal with Dutch multinational company Rabobank that will see Greenskies finance more than 60 solar projects in Connecticut and three other states, HartfordBusiness.com reports.

The largest merchant solar cell producer, Neo Solar Power (NSP), has raised approximately US$120 million in a bond issue.

Sharp Corporation is exiting its a-Si thin-film joint venture in Europe with Enel at a cost of around US$141 million.

PV manufacturer SolarWorld has agreed to pay a penalty payment to an unidentified polysilicon supplier for changing terms on a long-term supply deal.

The portions of Indian prime minister Narendra Modi’s first national budget relating to solar energy have been met with a mixed reaction from the industry, based on first impressions.

Residential PV installer, Sungevity, has unveiled a new form of technology that can determine PV installation quotes instantly with nothing more than a given street address.

PV in Latin America is gathering momentum with a pipeline approaching 20GW and 1GW expected to be installed this year, according to GTM Research.

Prime Minister Narendra Modi’s first budget has been delivered with a number of tax advantages for the solar industry revealed.

US residential installer Astrum Solar will receive US$100 million in financing from private equity firm Hudson Clean Energy, aimed at lowering PV system costs for its customers.