investment

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.

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.

As an investor from a matured solar market in the West looking at India, Jonathan Selwyn, chairman of the UK retail investor-backed Downing Indian Solar EIS, discusses the experience of investing in Indian solar.

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.

Lightsource BP has completed its first utility-scale solar farm in India after bringing online a 60MW project in Maharashtra, having won the contract through a competitive 450MW tender process completed in September 2016.

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.

The US solar sector is set to exceed expectations for deployment in 2018, according to the latest quarterly figures from GTM Research.