finance

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.

Struggling major China-based PV manufacturer Yingli Green Energy has said that it would not appeal a notification from the New York Stock Exchange (NYSE) on June 28, 2018 to de-list the company, due to non-compliance.

A consortium of investors have purchased the project rights for 42MW of capacity awarded in the country’s contracts for difference (CfDs) scheme.

Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings is to form a joint venture (JV) with Japanese conglomerate, Mitsui to invest in new-generation energy and infrastructure related businesses in China as well as other ‘selected’ overseas countries.

The French independent power producer (IPP) REDEN Solar has refinanced the bulk of its domestic assets raising €270 million (US$312 million) in the process.

German utility Innogy will add 440MW of US PV projects to its pipeline as part of a deal with North Carolina-based Birdseye Renewable Energy.

Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has won a bid to build a ‘Top Runner’ PV power plant of 250MW with partner, Three Gorges New Energy in Yijun County, Tongchuan City, China.