Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.
Canadian Solar has received the green light for 685MW of PV projects in Spain, the same week that it announced commercial operation of three Japanese solar plants totalling 42MWp.
Saudi energy provider ACWA Power has signed agreements to develop 1.4GW of solar PV and 1.2GW of energy storage projects in Uzbekistan to be financed by the country’s Ministry of Investment, Industry and Trade.
Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.
JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).