Markets & Finance

The Australian government’s renewable energy division will trial the capabilities of on-grid energy storage to maximise the value of rooftop solar, announcing yesterday that it will provide funding for a trial by energy storage specialist Reposit Power.

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.

A Chinese billionaire and one of the countries’ leading sportswear brands have invested US$140 million in project developer, SPI Solar.

A late surge in deployment in China will see the Asia-Pacific region top the 10GW mark inside one quarter for the first time, according to research by Solarbuzz.

Global solar developer, SunEdison, has closed a US$146 million debt facility to build 81.7MW of solar in the Central American country, Honduras.

Taiwanese PV analyst EnergyTrend has estimated 2014 PV demand will reach 44GW with Japan and the US making up for a lower than expected figure in China.

Global PV module manufacturer, Hanwha SolarOne’s Qidong, Jiangsu subsidiary has been given a US$23 million loan.

A 37.4MW solar power plant has received final approval for construction from the Mexican government.

The completion of South Africa’s latest utility PV power plant has coincided with new figures showing an “exponential” rise in the contribution solar is now making to the country’s grid.

The joint provisional liquidators (JPL’s) of Cayman Islands registered LDK Solar are to hand back management of the bankrupt firm to its management.