Australia's Clean Energy Finance Corporation (CEFC) has made its largest equity investment in renewable energy, with AU$100 million (US$72 million) in the Australian Renewables Income Fund (ARIF), aiming to encourage institutional investors to further expand their reach into clean energy.
The European Bank for Reconstruction and Development (EBRD) will no longer finance thermal coal mining or coal-fired electricity generation and will focus instead on renewable energy as part of its new five-year decarbonisation energy strategy.
PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
After a solar risk mitigation plan was announced at the first International Solar Alliance (ISA) summit in March 2018, the World Bank and French development bank AFD are now working together on a scheme to help remove barriers to solar in developing countries, which is held back by perceived risk.
8minutenergy Renewables, J.P. Morgan Asset Management and an affiliate of Upper Bay Infrastructure Partner have entered into a joint venture that will provide equity capital for 8minutenergy’s 10.7GW portfolio of utility PV and storage projects.
Australia-headquartered Greatcell Solar, formerly Dyesol Solar, has appointed administrators after failing to secure further financing to develop its perovskite materials and solar cells to a commercial level.
The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.
