Power Plants

The UK’s main support mechanisms for large-scale and rooftop solar look in doubt following the publication of two government consultations this morning.

Major PV inverter manufacturer Sungrow Power Supply is planning to increase manufacturing capacity by a further 5GW to meet expected strong demand in 2016 and onwards, driven by China and its growing international footprint.

China-based PV manufacturer Risen Energy is to co-develop and finance an 118MW PV power plant in the Ramnad district of the state of Tamilnadu, India with Rassi Green Earth Energy (RGEE), part of diversified company, Raasi Group.

SunEdison has continued its acquisition spree with the purchase of UK-based energy provider, Mark Group, for an undisclosed fee.

Private equity giant KKR has taken an 80% stake in developer Gestamp Solar.

Major names including Bank of America, Citigroup, Barclays and UBS have aided Abengoa Yield to more than double its credit facility from US$125 million to US$290 million.

South-Korean tier-one PV manufacturer Hanwha Q CELLS is entering a joint venture with Indian energy company ReNew Power to develop two solar projects in the Indian state of Telangana with 148.8MW capacity.

Deutsche Bank analyst Vishal Shah has said US installer SolarCity could be one of the indirect winners from news that SunEdison and its yieldco, TerraForm Power, are to acquire residential installer Vivint Solar.

PV developer SunEdison and its yieldco, TerraForm Power, are to acquire US residential PV provider Vivint Solar for around US$2.2 billion.

Major renewable energy provider SunEdison is launching its second yieldco firm, TerraForm Global today as well as an US$800 million ‘Green Bond’ for the yieldco due 2022.