Markets & Finance

Developers Baywa r.e. and Solairedirect have separately announced €228 million (US$264 million) in financing for French PV projects.

Penn Energy Renewables has closed financing on three solar farms totalling 37MW in Ontario.

The French government is looking to kick-start the country’s residential market with an adjustment to the feed-in tariff (FiT) for projects up to 36kW.

One international developer of utility-scale PV projects says that proposed changes to Japan’s feed-in tariff (FiT) will not adversely affect business over the next two years, but certain aspects of those changes will be “challenging” to cope with.

China looks on course to have missed its 2014 target for distributed solar but could end up close to the year’s overall 13GW goal through an expanded share of utility-scale projects, according to an expert on the country’s renewables industry.

According to reports, Saudi Arabia has pushed its renewable energy targets back from 2032 to 2040, without citing specific reasons.

Germany-headquartered developer juwi has recruited a 46-year old “finance and energy expert” from the ranks of its new majority owner, MVV Energie, to act as chief financial officer (CFO).

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia totalling 24.5MW of generation capacity.

The Hungarian government has imposed an import tax on solar panels claiming the move is necessary on environmental grounds to cover disposal costs.

China-based monocrystalline wafer producer, Solargiga Energy has reported increased shipments and revenue in 2014.