India’s fifth largest private sector bank YES Bank plans to list a Green Bond of up to US$500 million on The London Stock Exchange by December this year.
Solar developers AGL Energy and First Solar have completed Australia’s two largest solar PV plants at Nyngan (102MW) and Broken Hill (53MW), which included AU$166.7 million support from the Australian Renewable Energy Agency (ARENA).
New South Wales was the only Australian state to experience a significant increase in volumes of sub-100kW PV systems in 2015, with most other states contracting, according to the latest figures from Australia-based solar consultancy SunWiz.
China-based PV manufacturer and PV project developer Hareon Solar Technology is raising around US$300 million in a private placement of new shares to expand PV manufacturing capacity and enter the LED market through an acquisition.
India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.
SMA is aiming to tackle the market for retrofitting energy storage systems in to existing home PV installations, with a new AC-coupled version of its Sunny Boy inverter suitable for high voltage batteries.
China-based PV energy provider United Photovoltaics Group is taking PV manufacturer and PV project developer Hareon Solar Technology to the China International Economic and Trade Arbitration Commission over failure to supply a total of 930MW of PV power plants under a previous agreement.
A consortium between India-based integrated utility and solar developer Essel Infra and China-based PV material manufacturer Golden Concord Holdings (GCL) has signed a memorandum of Understanding (MoU) with the Andhra Pradesh government to invest US$2 billion in developing 5GW of module manufacturing capacity by 2020 in the Indian state.
India crossed the 5GW mark for installed solar capacity this week, according to the latest figures from the Ministry of New and Renewable Energy (MNRE).
