PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
After a solar risk mitigation plan was announced at the first International Solar Alliance (ISA) summit in March 2018, the World Bank and French development bank AFD are now working together on a scheme to help remove barriers to solar in developing countries, which is held back by perceived risk.
China-based PV manufacturer Seraphim Solar will supply smart modules to a 9MW PV plant project developed by the Kanowna Solar PL in New South Wales, Australia.
Australia-headquartered Greatcell Solar, formerly Dyesol Solar, has appointed administrators after failing to secure further financing to develop its perovskite materials and solar cells to a commercial level.
The Asian Development Bank (ADB) will invest THB5 billion (US$155 million) in Thai firm B.Grimm Power's maiden 5-year and 7-year green bonds – the first certified climate bonds to be issued in Thailand – in order to finance renewable energy projects in the Southeast Asian country.
House Bill 8197 granting private firm Solar Philippines a 25-year PV mini-grid and transmission franchise across the Philippines passed through its third and final reading on Monday.
The Philippines Competition Commission (PCC) has cleared Kepco Philippines Holdings to acquire a 38% share in Solar Philippines Calatagan Corporation (SPCC), a unit of Solar Philippines.
Goa plans small solar prosumer 50% subsidy, IL&FS plans renewable energy portfolio sale, SolarCentury builds 44MW Netherlands solar park, Juwi builds 9MW in Greece.
India's National Bank for Agriculture and Development (NABARD) and the Green Climate Fund (GCF) have sanctioned US$34.4 million support for a groundwater recharge and solar micro-irrigation project to ensure food security and enhance resilience in vulnerable tribal areas of Odisha.
Despite the "absolutely fantastic" progress in a year of tough market conditions, Bridge to India has said rooftop solar should be given more government support.
