Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.
The Bolivian government's Chamber of Deputies has approved a €60 million (US$66.7 million) loan agreement from the French Development Agency (AFD) to help finance a 50MW solar PV plant in the department of Oruro.
Four PV power plants totalling 98MW have been commissioned in the Philippines in the past fortnight in time for a deadline to qualify for the country’s feed-in tariff.
The Victorian state government in Australia aims to fast-track connections to the grid for rooftop solar installations, under the impending National Electricity (Victoria) Further Amendment Bill 2015.
Montreal-based fund manager Caisse de dépôt et placement du Québec (CDPQ) plans to make a US$150 million investment in renewable energy in India by targeting hydro, solar, wind and geothermal power assets.
Ontario’s Independent Electricity System Operator (IESO) has awarded seven solar energy contracts totalling nearly 140MW with a weighted average price of CAD0.1567/kWh (US$0.12).
International solar PV EPC firm Phoenix Solar has reported preliminary 2015 financial results with revenue of €119 million, up 250% from the prior year.
Spanish parties representing a majority in parliament have signed an agreement to remove the controversial Royal Decree against self-consumption of solar energy within 100 days of a government being formed.
US-based solar firm Ahana Renewables, a subsidiary of investment firm Atlantic Tele-Network (ATN), has purchased the development business of India-based PV company Armstrong Energy Global in order to develop 250-350MW of solar projects in Southern India by 2018.
