Indian private sector bank Yes Bank has raised INR3.19 billion (US$49.4 million) from the issue of Green Infrastructure Bonds to International Finance Corporation (IFC) Washington to fund renewable energy projects including solar and wind power.
India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.
Sungrow Power has entered into an agreement with Yu County Jinyang New Energy, a subsidiary of GCL New Energy, for Sungrow to provide EPC services for a 50MW PV project in Yo County, Yangquan City, Shanxi Province, China.
Module manufacturer Wuxi Suntech has lost a lawsuit filed by renewable energy developer ZKenergy in a dispute over a RMB206 million (US$33.17 million) sales contract.
India-based module manufacturer Rolta Power and China-based Zhenfa New Energy Science and Technology Co. have signed a memorandum of understanding (MoU) to develop 2GW of solar projects in India.
Sungrow Power Supply Co. and SUMEC New Energy Development have signed a cooperation agreement with the Lingbi People's Government for the construction of a 200MW solar power project in the Anhui province of China.
Indian PV developer Welspun Renewables has commissioned a 52MW solar power plant in the state of Maharashtra under the public-private partnership (PPP) model.
South-Korean tier-one PV manufacturer Hanwha Q CELLS is entering a joint venture with Indian energy company ReNew Power to develop two solar projects in the Indian state of Telangana with 148.8MW capacity.
