US-headquartered high-efficiency PV module producer SunPower Corp has announced a definitive agreement for leading microinverter firm, Enphase Energy to acquire SunPower’s microinverter business (formerly SolarBridge Technologies) in a staggered cash and share deal.
The European Investment Bank (EIB) is providing a €85 million loan to reinforce Greece’s national electricity network in order to support the increased use of renewable energy as well as modernise electricity distribution across the Greek mainland and islands.
Canada Pension Plan Investment Board (CPPIB), which has been actively investing in renewables over the last year, now plans to issue its inaugural Green Bond, and it claims to be the first pension fund to do so.
Leading CdTe thin-film PV module manufacturer First Solar held a ground breaking ceremony on 8 June 2018 for the construction of its new 1.2GW manufacturing plant near its existing flagship facility in Perrysburg, Ohio.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings said it was in talks with major China state-owned industrial conglomerate, Shanghai Electric to sell a major shareholding in its main polysilicon production subsidiary, Jiangsu Zhongneng Polysilicon for around US$2 billion.
Finland’s Fortum has signed an agreement to sell a 54% share of its solar power company that operates four solar plants in India, with an aggregate capacity of 185MW, to UK Climate Investments (UKCI) (40%) and Elite Alfred Berg (14%).
Major Thailand-based financier TMB Bank has issued the country’s first green bond, with the World Bank's IFC as the sole investor of the US$60 million bond, the funds of which will be used exclusively to finance climate-smart projects, particularly renewable energy.
India has approved implementation of Phase-Ill of its ‘Off-grid and Decentralised Solar PV Application Programme’, which targets an additional 118MW off-grid solar PV capacity by 2020, in street lights, study lamps and home systems.