Markets & Finance

Mosaic, the leading provider of solar loan financing for homeowners, announced the closing of a US$250 million warehouse facility with Deutsche Bank as the arranger and administrative agent. Along with recent upsizes to Mosaic's existing warehouse facility and a forward flow whole loan sale arrangement, this deal with provide Mosaic with US$550 million of new loan funding capacity.

The global market for utility-scale PV and operations & maintenance (O&M) will reach 182GW by the end this year, GTM Research’s latest report finds.

Massachusetts has recently initiated a proposal under the Baker administration to double solar energy development in the state. In related news, NRG commissions the state's largest community solar facility.

GCL-SI, a subsidiary of GCL, is to develop a 1GW solar PV plant at the former contaminated nuclear site in Chernobyl, Ukraine. Construction is expected to start in 2017.

Renewable energy companies in Spain are making claims against banks for misleading them over complex financial products since the economic crisis.

Adani Group, currently the largest solar developer in India, plans to start constructing two solar PV plants with 100-200MW capacities in Australia next year, according to a Bombay Stock Exchange filing.

Four European countries have signed a joint agreement to establish a roadmap for exchanging electricity from renewable sources between Morocco and Europe.

India’s installed capacity of solar PV has surpassed the major milestone of 10GW, according to consultancy firm Bridge to India.

Enel Green Power Peru (EGPP), a subsidiary of Italian power giant Enel, has started construction of Peru’s largest solar plant.

Specialist PV manufacturing equipment supplier Amtech Systems reported Solar segment sales of US$22.6 million in its fiscal fourth quarter of 2016, resulting in full-year preliminary Solar segment sales of US$60.9 million, up from US$51.8 million in 2015.