Fourth Partner Energy (4PEL) a Hyderabad-based company developing distributed solar power, has raised around US$2 million in financing, enabling the firm to offer more financing options to its clients.
The removal of Tony Abbott from his premiership along with the arrival of Malcolm Turnbull as the new prime minister of Australia and various government appointments related to renewable energy have been welcomed by the Australian Solar Council.
ThomasLloyd CTI Asia Holdings, a wholly-owned subsidiary of global investment banking and investment management group ThomasLloyd, has sold the rights to two solar projects on Negros Occidental in the Philippines with a combined capacity of 80MW.
Solar developer Conergy has extended its bank guarantee facility with Tennenbaum Capital to US$75 million using funding from Goldman Sachs BDC in order to power an expansion of its solar business.
The project arm of Chinese manufacturer, JinkoSolar, has secured a credit line worth CNY10 billion (US$1.5 billion) with the Industrial and Commercial Bank of China’s Jiangxi Provincial branch.
After dropping a series of strong hints – including those given in interviews with PV Tech Storage – Enphase has confirmed that its AC battery will be launched in Australia first.
Australia’s Clean Energy Finance Corporation (CEFC), the government body aiming to mobilise capital investment in the country’s renewable energy sector, has introduced an AU$250 million (US$175 million) financing programme for the development of large-scale solar.
Australia’s largest PV array, the 102MW Nyngan project in New South Wales, has delivered 60,000MWh of power to the national grid in its first three months of operation, the country’s renewable energy agency has said.
PV developer SunEdison has installed eight solar systems for India’s Delhi Metro Rail Corporation (DMRC), which is the biggest consumer of electricity in the state of Delhi.
