investment

India’s government has signed a $98 million loan agreement and US$2 million grant agreement with the World Bank to facilitate India’s 2022 renewable energy target through solar parks.

GCL New Energy Holdings (GNE), the downstream independent PV power producer arm of leading polysilicon and solar wafer producer GCL-Poly Energy Holdings, has secured a HK$8,000 million (US$1.02 billion) in new finance.

A 337MW PV portfolio in Mexico has reached financial close, according to Mexico’s Secretariat of Energy (SENER).

UK based firm, VINCI Energies has won a €26.9 million contract to build eight PV power plants in Senegal with a combined capacity of 17MW.

ERG Power Generation, subsidiary of ERG, has signed off on an agreement with VEI Green to acquire 100% of ForVei — a joint venture between VEI Green and Foresight.

The German Development Bank (KfW) and the African Trade Insurance Agency (ATI) have set up a new credit facility instrument built to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale renewable energy projects (up to 50MW).

‘Silicon Module Super League’ (SMSL) member Canadian Solar has secured US$66.0 million in project financing in its second green project bond placement with Goldman Sachs Japan.

Green bond issuance in 2017 has surpassed the US$100 billion milestone, marking a new record, according to Climate Bonds Initiative (CBI) data.

The inaugural PV ModuleTech 2017 event takes place in Kuala Lumpur, Malaysia, on 7-8 November 2017, and for many of the attendees taking part in the event, the anticipation is growing by the day!

The International Finance Corporation (IFC) has finalised a US$653 million debt package for 13 solar projects at the Benban Solar Park, near Aswan in Egypt.