Australia is redirecting AU$1 billion from the Clean Energy Finance Corporation’s (CEFC) AU$10 billion (US$760 million) allocation into a new Clean Energy Innovation Fund (CEIF), Australian prime minister Malcolm Turnbull has announced.
US residential and commercial PV provider SolarCity has raised US$131 million through a new tax equity fund in order to finance residential, commercial and military solar projects.
US-based residential solar firm Sunnova Energy has secured US$300 million from private equity firm Energy Capital Partners (ECP) to continue its growth in the residential solar sector.
US-based renewables firm SunPower is partnering Toronto-based smart thermostat provider ecobee to aid consumers in New York and California in controlling their energy costs.
Yaskawa – Solectria Solar, a wholly-owned subsidiary of robot and industrial motor company Yaskawa America, is planning to install a 500MW central solar inverter manufacturing line within an existing factory in Sao Paulo, Brazil, to help support the Latin American PV market.
The chief of California’s bulk transmission system operator has slammed net metering as a “subsidy” of wealthy households by poorer ones, claiming it represents an “economic justice issue”.
Germany-based renewables firm Juwi plans to construct three utility-scale solar projects with a combined capacity of 90MW in Colorado via its US-based subsidiary.
India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from Overseas Private Investment Corporation (OPIC), the US government's development finance institution, to help construct 400MW of solar PV projects in India.
The Australian Solar Council has claimed that reported plans to merge the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC) could result in the removal of funding for ARENA.
PV inverter manufacturer Sungrow announced that one of its 1500V PV installations was successfully connected to the grid – opening up to the next stage of the project.
