expansion

The credit facility consists of US$275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.

Masdar and PLN Nusantara Power will expand the capacity of the 145MW Cirata floating solar project in Indonesia to up to 500MW.

Minnesota authorities have approved a plan submitted by Xcel Energy to expand the capacity of its Sherco Solar project to 710MW.

German renewables developer Pure New Energy (PNE) intends to scale up to an 8GW solar PV pipeline in the next five years.

Toledo Solar is looking into expanding its manufacturing capacity in Europe, with an initial annual capacity of 400MW of thin-film modules.

Solar developer Lightsource bp has entered the East Asia market with a 150MW project co-locating solar with fishery in Taiwan.

Lightsource bp is eyeing solar opportunities throughout Asian markets as it progresses towards its target of deploying 25GW of solar PV by 2025.

Hangzhou First Applied Materials’ board has approved plans to increase its production capacity for PV films and backsheets.

Suntech has placed into production a new 3.5GW high-efficiency module manufacturing facility in Changzhou, China, continuing its recent run of expansions.

Since its founding in 2010, inverter manufacturer Growatt has been on an international trail that has seen it establish branches in 14 countries and regions including Germany, the US, the UK, Australia, Thailand, India and the Netherlands to serve global customers. Its overseas markets accounted for between 60 – 70% of its total business last year. PV Tech sits down with Growatt’s Lisa Zhang about the firm’s strategy behind its new factory location, and more