PV project developer ReneSola has agreed to an equity investment agreement that will see an investor set aside US$31.4 million in cash to acquire 40.13% of Zhejiang ReneSola Investment Limited.
While the Spanish government’s tenders are very welcome, it is the merchant and PPA opportunity powering the nation’s 29GW pipeline.
Standard & Poor's (S&P) has lauded the early performance of the solar assets it rates, ultimately concluding that operational risk in solar is “more benign” than other renewable technologies.
Edgar A. Gunter explores US solar's PURPA problems with Montana providing a useful case in point.
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) reported a 21% increase in revenue for 2017, driven by a 72.7% increase in PV module sales, while losses for the year were significantly reduced.
The Softbank Vision Fund will begin a major investment partnership with Saudi Arabia that could see 200GW of solar generation capacity installed.
Billed as the ‘Largest Single Commitment to Renewable Energy by a State in U.S. History’ the State of New York announced a US$1.4 billion investment package and over US$3 Billion in direct investment in solar, wind and hydro energy projects, expected to generate around 3,000 jobs.
Australia could shoot up the league table of countries by solar capacity if a “significant” pipeline of projects is realised, Wiki Solar has said.
News from Hevel, a Solaria lawsuit, US$100m for solar from the Green Climate Fund, more Japanese finance for Canadian Solar and a new home for Intersolar India.
NextEra Energy is suing the US Treasury Department for more than US$135 million claiming that it miscalculated grants owed to it for the Silver State Solar project in Nevada.
Independent power producer Sonnedix acquired twelve PV plants in Spain shortly before the end of 2017.
A fund of Global Infrastructure Partners (GIP) is to acquire NRG Energy, Inc.’s US renewable energy platform businesses and its stake in NRG Yield, Inc. (NYLD) for US$1.375 billion in cash.
Local firm Gostaresh Energy No Atiyeh has completed a 10MW solar PV project in the Yazd Province of central Iran.
Lowering the cost of finance could lead to dramatic reduction in the levelised cost of energy (LCOE) of solar, according to LONGi Solar.
EDF, Clal Sun and Belectric complete 30MW project in Israel, Invenergy issues bond to refinance 65MW Uruguay project, More large-scale completion in Iran.