ge renewable energy

A 1.35GW solar project in Turkey, said to the country’s largest, has received a US$291 million financing deal from the UK government to help proceed.

A round-up of the latest news from the US PV sector, as BlackRock acquires Distributed Solar Development, Cypress Creek closes US$200m of financing and Vanderbilt University moves towards 100% renewables.

Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.

Solar solutions provider Current, a subsidiary of GE, announced that it is developing more than 17MW in solar carport and ground-mounted projects across six states in the northeastern US.

Zambia plans another 500MW of renewables auctions, NTPC installs robot cleaners, aleo and DC Solar install commercial system in US, GE Renewable Energy equips first US commercial solar-wind hybrid project and Soltage brings a 3.7MW solar project online in Massachusetts.