Central & East Asia

US-based solar module technology firm Solaria Corporation has filed suit against GCL Solar Energy, Inc., a subsidiary of GCL-Poly Energy Holdings due to claims of IP theft and breaches of Non-Disclosure Agreements that resulted in the GCL producing PV modules using its proprietary technology that is protected by over 100 patents.

Participants in Solar Energy Corporation of India’s (SECI) 500MW rooftop solar tender have put in a high variation of bidding levels with some states undersubscribed, according to Jasmeet Khurana, associate director, consulting at Bridge to India.

Wuxi Suntech, the PV module manufacturing arm of renewable energy group, Shunfeng International Clean Energy (SFCE) has secured insurance from Munich Re to support its 25-year module warranty scheme.

China-based independent solar power producer United Photovoltaics Group said it expected FiT back payments of RMB1.328 billion (US$199.2 million) from 16 solar power plants after confirmation of payments have been authorised by the Ministry of Finance, National Development and Reform Commission and National Energy Administration on September 23.

India’s fifth largest private sector bank Yes Bank plans to raise INR3.3 billion (US$49.6 million) through the issue of seven-year Green Infrastructure Bonds to the Dutch Development Bank FMO in order to fund solar and wind projects.

A tender for 1GW capacity in Inner Mongolia has brought in China’s lowest ever bids for solar energy, according to media reports.

Goldman Sachs-backed rooftop solar specialist Asia Clean Capital (ACC) and Japan’s Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) will develop a 200MW solar pipeline in mainland China.

The government of the Indian state of Madhya Pradesh has introduced its 2016 policy for decentralized renewable energy systems with a particular focus on rooftop solar PV.

India’s first major utility-scale tender for solar PV combined with energy storage in the state of Andhra Pradesh has been put on hold due to the cap on tariffs being too low.

India-based energy firm Azure Power Global has launched its IPO on the New York Stock Exchange offering 6.82 million equity shares priced between US$21 to US$23 per share.