loan

The European Investment Bank (EIB) and India-based Yes Bank are supporting Indian solar and wind projects with a new US$400 million co-financing initiative.

PV solar system provider First Solar has signed a syndicated development loan facility agreement of approximately US$64 million with Mizuho Bank.

The New Development Bank (NDB) have signed a US$300 million loan agreement with the Brazilian Development Bank (BNDES) to support investment in wind, solar, small hydropower plants, biomass, biogas and agricultural residues.

CIT Group, a commercial lending and leasing provider, has served as the sole lead arranger for a US$59.8 million loan facility to China’s GCL New Energy for its 84.5MW solar portfolio in North Carolina.

In this week's Movers & Shakers segment, PV Tech focuses mainly on executive shifts in US solar companies involved in storage, trackers, residential loans and more. The African Development Bank is also revamping its management board, with a new head of Renewables.

Utah's sPower surpasses 1GW of operating PV assets, Sunnova expands its solar system ownership programme, PI Berlin takes on a consultancy role for Adenium's Jordan PV projects and ACC partners with VAST China for a rooftop PV power station.

This week's Movers & Shakers features executive board shake-ups; with both new appointments and departures. PV Tech also reports on happenings in Chile's Renewable Energy Association, as the country emerges as a strong clean energy player in Latin America.

BlueWave, a Boston-based developer of solar projects, has launched its premier solar loan product in North Carolina and South Carolina.

Tim Buckley, director of energy finance studies, Australasia, Institute of Energy Economics and Financial Analysis (IEEFA), explains how significant this loan is for India and what else will be driving the targeted US$100 billion solar investment by 2022.

The State Bank of India (SBI) has signed agreements with the World Bank for a US$625 million facility specifically to support India’s grid-connected rooftop solar programme.