Sunseap has received a US$37 million loan from ING that its subsidiary, Sunseap Commercial Assets, will use to develop a 50MW portfolio of rooftop solar projects.
Adding rooftop solar to India's small-scale business sector will be critical in the rush to its countrywide 40GW rooftop PV by 2022 target, but a new report has highlighted key barriers and solutions.
Hongbin Fang, technical director of LONGi Solar says mono-PERC technology, including bifacial, will form the backbone of the solar sector in the immediate future.
Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.
Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.