investment

Japanese conglomerate invests in GridMarket, a company focused on distributed generation projects using battery storage, solar PV, fuel cells, and combined heat and power.

According to Asia Europe Clean Energy (Solar) Advisory Co (AECEA), analysis of China’s National Energy Administration (NEA) consultation paper, released April 10, China will have a subsidy-free solar market with clear policies and frameworks in place, beginning in 2021.

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.

The investment is to help Vineet Mittal's company rapidly scale up its PV capacity in India.