Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.
The Ministry of Industry and Trade of Vietnam (MOIT) has released a draft circular containing guidelines on how to develop solar PV in the country, but has failed to address a range of issues that could impact large-scale project bankability, according to analysis from multinational law firm Baker McKenzie.
Iranian investment conglomerate Ghadir and an unnamed partner from Greece have brought a 10MW solar PV plant into operation in the Isfahan province of Iran, according to the country's Renewable Energy and Energy Efficiency Organisation (SATBA).
Vertically-integrated solar firm and industrial goods company Bharat Heavy Electricals (BHEL) had 370MW in its solar PV portfolio at the end of FY2016/17, of which 360MW was ground-mount and 10MW was rooftop.
Major US power firm and utility Dominion plans to acquire a 79MW solar PV project that is currently under construction in Anson County, North Carolina, from solar company Cypress Creek Renewables.
This week's Movers & Shakers segment features executive shuffles in energy storage companies and an O&M firm, while examining a new merger between Spain's Gamesa and Siemens Wind Power. Spain's Renewable Energy Association elects a new president for the next four years, and Jon Wellinghoff exits SolarCity amid the US$2 billion Tesla acquisition.
China added 7.21GW of solar PV in the first quarter of the year, roughly 70MW compared to the same quarter last year, according to figures from China’s National Energy Administration (NEA).
