finance

The US Department of Energy (DOE) has issued a loan of up to US$861.3 million to support 200MW of solar PV and 285MW/1,140MWh of battery energy storage system (BESS) projects in Puerto Rico.

US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.

US energy technology company Generac has been awarded a US$200 million grant from the Department of Energy (DOE) to deploy residential solar PV and energy storage systems in Puerto Rico.

Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Three Chinese solar manufacturers - LONGi, Tongwei, and Aiko Solar - have reported losses in the first half of the year due to increased competition.

Polish independent power producer (IPP) R.Power has signed a PLN 231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.

As a fast-growing segment of the industry, floating solar is also a novel technology that comes with a variety of new operational risks.

India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure.