Solar wafer and module manufacturer ReneSola reported higher shipments than expected in the fourth quarter of 2016 but gross margin collapsed to 2.1%, well below guidance, while losses increased to US$25.5 million.
Indian renewable energy firm Greenko Energy Holdings has raised US$155 million in equity from an affiliate of global investment firm GIC and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
The US Trade and Development Agency (USTDA) has awarded a grant of more than US$860,000 to Ghanaian solar company Buipe Solar, in support of a feasibility study for a 20MW PV project in the north of the country.
CIT Group, a commercial lending and leasing provider, has served as the sole lead arranger for a US$59.8 million loan facility to China’s GCL New Energy for its 84.5MW solar portfolio in North Carolina.
The Massachusetts Department of Energy Resources (DOER) has decided to put its new solar incentive programme – the Solar Massachusetts Renewable Energy Target (SMART) – on hold in favour of extending its Renewable Energy Credit programme (SREC) indefinitely.