finance

Fund manager African Infrastructure Investment Managers (AIIM) has acquired majority stakes in nine new solar and wind power plants in South Africa, totaling 800MW.

Oxfordshire-based multicrystalline wafer manufacturer PV Crystalox has settled its long-running, multi-million-euro contract dispute with a still unnamed customer.

The European Bank for Reconstruction and Development (EBRD) is providing a €31 million loan for a 30MW solar project in the Kyzylorda region of Southern Kazakhstan, sponsored by Total EREN and Access Infra Central Asia.

Developer and EPC firm Conergy Asia has been acquired by the Green Investment Group (GIG).

Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has reported higher than guided second quarter PV module shipments and reiterated total shipments guidance to be in the range of 11.5GW to 12GW in 2018.

US solar developer Cypress Creek Renewables has received a US$200 million investment from the Singapore-based firm Temasek.

JA Solar will provide 404MW of modules for a major project in Mexico.

A Saudi Arabian conglomerate has taken a 50% stake in the German developer and PV investor Greencells.

Japanese investment bank Daiwa Securities Group has established Daiwa GI Green Fund LLC – also known as the ‘Solar Fund’ – jointly with GI Capital Management and Daiwa Real Estate Asset Management in order to make greenfield investments in mega- and large-scale solar projects in Japan.

Project developer ReneSola will sell a 206.8MW portfolio of Chinese distributed generation projects to the Canadian investor Brookfield Asset Management.