A round-up of the latest projects news, including Mitsui investing in ReNew Power’s ‘round the clock’ (RTC) project in India, Canadian Solar selling a solar plus storage project and JinkoSolar delivering 500,000 bifacial modules to a Greek project.
Japanese investment firm Mitsui has invested €575 million (US$631.56 million) in common shares from renewable developer Mainstream Renewable Power, bringing its valuation to €2.1 billion after the transaction.
Japanese firm says divestment was 'strategic asset recycling' and that 'strengthening of the financial base continues to be one of [Mitsui & Co’s] key initiatives'.
Jordan's energy minister Hala Zawati has laid the foundation stone for a 52MW solar project being developed by a consortium between US-based firm AES Corporation, Japan's Mitsui and Qatar's Nebras Power, in Al-Madounah, East Amman.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
Mitsui & Co., a major Japanese industrial conglomerate, has formed a Joint Venture (JV) with leading India mini-grid developer OMC Power to expand their mini-grid business into Africa. The new JV is part of a ¥1 billion (US$9 million) equity investment by Mitsui in OMC Power.
