finance

‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) doubled overseas PV module shipments in 2018, while seeking a target of shipments outside of China of 80% in 2019, according to its recently published 2018, annual financial report.

Energy advisory DNV GL has launched a digital marketplace for renewable energy, a platform which it says could significantly scale up the global corporate PPA market for renewables.

Mercom: Funding announcements for large-scale double to US$5.68bn in first quarter compared to Q1 2018 while actual financing grows 10% to US$2.8bn.

Competitive tenders, better investment conditions and removing market distortions would enable solar to meet its potential, says developer speaking anonymously.

Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.

The LEGO holding company and investment fund KIRKBI has acquired the US arm of solar developer Enerparc.

Macquarie’s Green Investment Group (GIG) has acquired the PV and energy storage unit of Tradewind Energy, a subsidiary of Enel Green Power North America.

Trio of deals will see infra fund Marguerite take an 80% share in the projects, which have PPAs in place with Centrica.

Uzbekistan's first competitive tender for 100MW of solar PV in Navoi region has received 23 submissions from international companies.

Dubai Electricity and Water Authority (DEWA) and a consortium led by Saudi Arabia’s ACWA Power and Chinese government-owned Silk Road Fund, have achieved financial close on the 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.