India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.
Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.
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.
