finance

‘Silicon Module Super League’ (SMSL) member JA Solar has said that its previously planned acquisition by an investor consortium via an all-cash transaction led by its founder, chairman and CEO, Baofang Jin had been completed, resulting in de-listing from the NASDAQ stock exchange.

UAE-based developer Enviromena is pushing its project pipeline towards 1GW.

Apple is establishing a US$300 million fund with ten of its suppliers to deploy around 1GW of renewable energy capacity in the country.

The first two phases of California’s Mount Signal 3 (MS3) project are now online, according to developer 8minutenergy renewables.

Developer and investor Distributed Sun (DSUN) and wind turbine firm Emergya Wind Technologies (EWT) have sold off 75MW of community solar projects they were co-developing in New York.

JA Solar has closed financing for the equipment at a 1.5GW wafer plant in Vietnam.

French energy major Total has completed the acquisition of a 73.04% stake in gas and renewable power provider Direct Energie.

Sonnedix Japan has reached financial close on a JPY16.5 billion (US$149 million) non-recourse financing with Sumitomo Mitsui Banking Corporation (SMBC) for the 41.6MW Sano solar PV plant in the Tochigi prefecture, Japan.

A Saudi Arabian sovereign wealth fund has taken a 15.2% stake in ACWA Power, a dominant solar power developer in the Middle East.

Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has secured a JPY5.3 billion (US$47.8 million) syndicated loan agreement for up to two years with a bank consortium led by Sumitomo Mitsui Banking Corporation (SMBC) to expand its business in Japan.