Mobisol has secured funding from Finnfund for its East Africa expansion, CEFC's investment commitments more than doubled last fiscal year, Acciona is supplying renewable energy to Latin America's largest retail store chain, Sungrow has supplied inverters and an energy storage system to the Bahamas.
The Asian Development Bank (ADB) has invested THB1,968 million (US$57.7 million) in Thai power firm B. Grimm Power Public Company (B. Grimm) to develop renewable energy projects in Southeast Asia.
A basket of publicly-listed solar cell and module manufacturers on the Taiwan Stock Exchange (TSE) continued to experience a recovery in sales in June as China reaches a peak in utility-scale projects under the 2017 feed-in tariff and benefit from fears over the US ITC ‘Section 201’ case and the potential impact of higher module duties in 2018.
Up to 100 solar PV firms in Japan could face bankruptcy this year, with more than double the number of firms going bust in the first half of this year than the same period in 2016.
More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.
Mondragon Assembly Solar, a division of Spain-based Mondragon Assembly Group has secured multiple new turnkey assembly and automated assembly equipment orders from Algeria, Egypt, and China in June.
China-based integrated PV manufacturer Renesola has appointed a third-party financial and legal firms to provide advise on the proposal by its chairman and CEO, Xianshou Li to purchase the PV manufacturing and LED distribution businesses so the company can move completely downstream.
Imported inverters could even be subject to an extra International GST tax, while an MNRE official told Mercom that there would be a 5% increase in solar project costs.
